Buyer, Mortgage
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Renewed concerns over tariffs and the broader economy drove treasury yields higher last week, and mortgage rates followed. As a result, total mortgage application volume dropped 10% last week compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index.
Potential homebuyers may be able to save money with a little-known financing option, but they still need to watch their credit.
Whether you're buying a new home or considering mortgage refinancing, the main question is the same right now: When will rates drop? The interest rate environment has remained elevated across various lending products,
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NerdWallet on MSNWeekly Mortgage Rates Rise as Tariffs’ Effects EmergeThe numbers for June came in pretty much as economists had predicted — a moderate increase from last month. The rate of inflation rose 0.3% from May to June, and was up 2.7% compared to June 2024. In other words, if it feels like everyday goods cost more, it's because many of them do.
Potential homebuyers may be able to save money with a little-known financing option, but they still need to watch their credit.
Americans saw a chance to save a few dollars on their monthly mortgage payments and took it, pushing refinance applications up 40% versus a year ago.
With the Federal Reserve's July meeting on the horizon, many prospective homebuyers and homeowners are wondering what it could mean for mortgage rates. After years of relatively high borrowing costs, even the slightest dip could open doors for those hoping to buy or refinance. But the path forward is far from clear.
Mortgage applications dropped 10.0% amid rising interest rates and post-holiday adjustments. Refinance activity declined 7%, while purchase app