Mortgage Applications Rise As Market Thinks Fed Hikes Are Done

The recent decline in mortgage rates is luring buyers back into the market, data on mortgage applications indicated Wednesday. Applications for home loans increased three percent last week compared with the previous week, the Mortgage Bankers Association said. Applications for

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New Home Sales Surge Higher, Up 34% Over the Year

Americans looked past soaring interest rates to buy new homes at a stunning pace in September. The Commerce Department said new home sales rose 12.3 percent from the prior month to an annual rate of 759,000 in September, far more

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Refi Mortgage Demand Surges 13.2% Despite High Rates

Applications for refinancing mortgages unexpectedly surged last week despite rising interest rates. The Mortgage Bankers Association (MBA) said that overall mortgage applications rose 5.4 percent last week. Purchase mortgage applications rose 2.3 percent and refinancings jumped 13.2 percent. The burst

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