Search
Close this search box.

home loan

Newsfeed: It’s bad enough mortgage rates are over 7% – now it’s harder to qualify for a home loan

Newsfeed: It’s bad enough mortgage rates are over 7% – now it’s harder to qualify for a home loan

It’s a double whammy for would-be homebuyers. Not only are interest rates soaring, it’s getting harder to qualify for a loan. The average rate on the popular 30-year fixed mortgage climbed over 7% at the end of last week, according to Mortgage News Daily, and is expected to hit around 7.125% on Tuesday. It’s been over 7% for several days.

Newsfeed: It’s bad enough mortgage rates are over 7% – now it’s harder to qualify for a home loan Read More »

Grim warnings from Powell and the Fed push rates on home loans to new low

Grim warnings from Powell and the Fed push rates on home loans to new low

Even as building slows, the Fed is pumping purchasing power into housing. Short supply plus increased purchasing power could put upward pressure on prices. Of course, it all hinges on demand … will buyers be willing to take on a mortgage in such an uncertain jobs market? After all, even a zero percent mortgage payment

Grim warnings from Powell and the Fed push rates on home loans to new low Read More »

Scroll to Top