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US mortgage market
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- 1Mortgage Rates Hit 7%: What's Next for Housing●Mortgage Rates Hit 7%: What’s Next for the Housing Market? | WSJ News
US mortgage rates have climbed to 7%, a level not seen in years, prompting renewed debate about the direction of the housing market. Higher borrowing costs are squeezing affordability for buyers and raising questions about whether home sales and prices will weaken further. Analysts and homeowners are weighing whether rates will stay elevated, ease later this year, or keep would-be buyers on the sidelines.
- 2Mortgage Rates Hit 7%, Deepening Lock-In Effect●As Mortgage Rates Hit 7%, the Lock-In Effect Gets Stronger
US mortgage rates have climbed to 7%, strengthening the lock-in effect in which homeowners holding low-rate loans stay put rather than sell and take on a costlier mortgage. The trend, highlighted by Bloomberg, further restricts housing inventory and keeps homes less affordable for buyers, worsening conditions in an already tight market.
- 3Rocket Companies reports record mortgage market share●Rocket Companies posts record mortgage market s...
Rocket Companies, the Detroit-based mortgage lender behind Quicken Loans, has posted a record share of the US mortgage market. The announcement points to the company gaining ground on competitors as overall lending volumes remain subdued. Details of the figures and the reporting period were not included in the coverage collected, but the milestone is being flagged as a notable result for the lender.
- 4Mortgage Rates Rise for Third Straight Day●Today’s Mortgage Rates, Sept. 26: Rates Rise for a Third Straight Day Affecting Borrowers
US mortgage rates climbed for a third consecutive day on September 26, adding to the cost of borrowing for homebuyers and those looking to refinance. Prospective borrowers are watching the upward trend closely, as each increase raises monthly payments and squeezes affordability in an already expensive housing market.