F.P. Mortgage

08/09/2023

Mortgage interest rates soared across the board last week, as the rate on the government's low down payment option increased to the highest level in 21 years.

01/10/2023

More than 1.4 million households are facing the prospect of interest rate rises when they renew their fixed-rate mortgages this year, according to the Office for National Statistics (ONS).

01/05/2023

Mortgage application volume was down 13.2% at the end of last week from two weeks earlier as interest rates rose again.

12/28/2022

Shakespeare had it right when he said, “I’ll give a thousand furlongs of open sea for an acre of barren ground.”

12/20/2022

This home-loan crater is deeper than anything we witnessed during bubble-bursting, housing meltdown of the mid-2000s.

12/15/2022

The September tally of 16,326 transactions — down 33.5% — was the second-slowest September in records dating back 35 years.

12/09/2022

RH rises on earnings, revenue beat - warns on housing weakness

12/08/2022

Market Minute Write-Up

Get a roundup of weekly economic and market news that matters to real estate and your business.

11/14/2022

Mortgage rates have seen dramatic changes this year. The average rate for a 30-year fixed rate has doubled since sitting around 3% this time a year ago. High inflation is the principal cause of the surge in rates, along with the Federal Reserve’s increases to its own interest rate in a bid to quel...

11/11/2022

Rising mortgage rates, high home prices and uncertainty in the overall economy have Americans feeling more pessimistic about the state of the housing market.

11/10/2022

KEY POINTS

1.Mortgage demand flattened last week but was significantly lower than it was one year ago.

2. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) increased to 7.14% from 7.06% for loans with a 20% down payment.

Rising mortgage rates caused mortgage demand to stall last week.

11/02/2022

The Federal Reserve concluded its two-day meeting Wednesday.