Fast-rising interest rates are taking their toll on mortgage demand, as both potential homebuyers and current homeowners head to the sidelines. Total #mortgage application volume dropped 4.1% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Read more at the #linkinbio or the link on screen.
1:02
Fast-rising interest rates are taking their toll on mortgage demand, as both potential homebuyers and current homeowners head to the sidelines. Total #mortgage application volume dropped 4.1% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Read more at the #linkinbio or the link on screen.
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The average rate on a 30-year mortgage is back above 7% for the first time in twenty months. It’s rough news for the housing market and homebuyers already struggling with rising prices elsewhere. It comes as Treasury yields, which impact borrowing costs across the economy, hit multi-decade highs. Amna Nawaz discussed more with David Wessell of the Hutchins Center on Fiscal and Monetary Policy. #pbsnews #pbsnewshour #mortgage #housing #pbs
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The average rate on the popular 30-year fixed #mortgage crossed over 7% on Thursday for the first time since May 2025, hitting 7.07%, according to Mortgage News Daily. Read more at the #linkinbio or the link on screen. #CNBC
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WHY do mortgage companies keep playing hot potato with my loan?! 😭 #fyp #adulting #homeowner #mortgage #homeownerproblems
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I took a loan of 3 lakhs to i have a loan of 30 lakhs we have come so far. . . . [fyp, reel] #fyp #reel
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🚨 You might be closer to buying a home than you think. FHA loans can allow 3.5% down with flexible qualifying guidelines—so 20% down isn’t the requirement many first-time buyers think it is. 💬 Comment “FHA” and follow me for more mortgage tips that could help you get into your first home. Helping in 49 states
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TikTokmortgagedadof3
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Thinking about buying your first home? Here are some common requirements you may need to be prepared for: ✅ 2 years of W-2s ✅ 2 months of bank statements ✅ Around a 580 credit score ✅ Down payment funds ✅ Approximately $4,000 in monthly income ✅ Savings for closing costs 💡 But here’s the important part: Every buyer’s situation is different, and loan requirements can vary depending on the loan program and lender. There may also be down payment assistance programs available that could help with y
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