Mortgages with Mike

10/12/2022

Since the start of the year, mortgage interest rates have more than doubled. How much higher could rates go?

08/01/2022

Mortgage rates dropped just half a point, but it was enough to bring home buyers back into the market, according to a new report from Redfin. Redfin’s Homebuyer Demand Index has increased 15 points since the week of June 19, reversing a 10-week trend of decreasing demand that began in mid-April. S...

08/01/2022

The National Association of Realtors (NAR) this week applauded the Biden Administration's large step toward tackling the affordable housing crisis. The plan, announced Wednesday, allows for the use of $350 billion in American Rescue Plan funds by state, local, and tribal governments toward developin...

07/26/2022

The Federal Reserve affects mortgage rates by setting the fed funds rate and by buying or selling mortgage-backed securities.

07/26/2022

Bloomberg Markets Bloomberg Markets is focused on bringing you the most important global business and breaking markets news and information as it happens.

06/15/2022

The average interest rate on the most popular U.S. home loan climbed to its highest level since the 2008 financial crisis and purchase applications were down more than 15% from last year, Mortgage Bankers Association (MBA) data showed on Wednesday.

06/14/2022

View 22 photos of this 4 bed, 4 bath, 2604 sqft. single family home located at 450 E Holly Ave, Pitman, NJ 08071 on sale now for $300000.

06/14/2022

View 4 photos of this 3 bed, 3 bath, 1683 sqft. single family home located at 12 Dancy Ave, Sewell, NJ 08080 on sale now for $320000.

06/13/2022

Might not be too late to buy..

On the year, Fannie Mae now forecasts that home prices are likely to rise 10.8%. That's a slight downward revision

06/03/2022

Will the housing market crash? Here are the latest housing market predictions, which do not foresee a crash for at least the next few years.

06/02/2022

The median payment on a new mortgage increased almost 9% from March to April. That figure's up 43% compared to this time last year.