By ERIN FLYNN JAY The Dutch offer home mortgages with interest rates that go down automatically as the loan gets paid off. The premise is that as the loan amount reduces and the property’s value increases, the risk associated with the loan decreases. Dutch-style mortgages recently arrived in the United Kingdom and have been making headlines…
Mortgage applications slipped again last week as treasury yields swelled to new highs. The Mortgage Bankers Association’s weekly survey shows the adjusted Market Composite Index – a measure of mortgage loan application volume – decreased by 1%, a more moderate decline than the week prior’s 6.9% dip. Adjusted purchase applications slipped by 2%, while the…
New listings continue to trend down as rate lock-in and affordability concerns keep homeowners stuck in their current living situation. HouseCanary’s latest Market Pulse report found that net new listings fell by double digits for the tenth straight month in February. The report, which analyzed twenty-two metrics pulled from listing information between February 2022 and…
Buyers are still fleeing the market in droves despite signs of cooling, driven out by rising mortgage rates and economic uncertainty. Home sales fell by 19.3% YOY in July, hitting their lowest level since the pandemic started, Redfin reported. It’s the biggest annual decline in U.S. home sales in more than a year. Sales also…
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