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Top related persons:
Lisa Resch - 2 Matthew Graham - 1 MND's Graham - 1 He's - 1 What's - 1 Lawrence Yun - 1 Yun - 1 Joel Kan - 1
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Washington , Florida Tampa Jacksonville Orlando Houston , Texas Memphis , Tennessee homebuilders
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Compass - 2 Washington , D.C - 2 Mortgage News - 1 Federal Reserve - 1 National Association of Realtors - 1 NAR - 1 Buyers - 1 Mortgage - 1

Search resuls for: "Lisa Resch"


2 mentions found


☆ The housing market was already painful, ugly and anxious. Now the 8% mortgage rate is back
  + stars: | 2023-10-21 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com   time to read: +4 min
watch nowToday's housing market is a toxic mix of high mortgage rates, high prices, tight supply and strangely strong pent-up demand — and it's scaring off buyers and sellers alike. Now the popular 30-year fixed mortgage rate is at 8%, the highest in decades, making things even tougher. The result was record-low mortgage rates for two solid years. That, ironically, made the housing market even more expensive. They have little desire to trade the 3% rate they currently have for an 8% mortgage rate on a new purchase.
Persons: Matthew Graham, MND's Graham, He's, Lisa Resch, What's, Lawrence Yun, Yun Organizations: Mortgage News, Federal Reserve, National Association of Realtors, Compass, Washington , D.C, NAR, Buyers Locations: Washington ,, Florida, Tampa, Jacksonville, Orlando, Houston , Texas, Memphis , Tennessee, homebuilders, Horton
☆ Adjustable-rate mortgage demand spiked last week. Here's why.
  + stars: | 2023-10-11 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com   time to read: +2 min
The average rate on the 30-year fixed mortgage rose to the highest level since 2000 last week, but rates on adjustable-rate mortgages fell. But the average contract interest rate for 5/1 ARMs decreased to 6.33% from 6.49%. ARMs usually offer much lower rates because they have shorter fixed terms. Applications for a mortgage to purchase a home rose 1% for the week and were 19% lower than the same week one year ago. "In this first two weeks of October, as anticipated, inventories have taken a jump, but then because interest rates have taken a jump too, we're seeing less buyers.
Persons: Joel Kan, Kan, Lisa Resch Organizations: Mortgage, ARM, Washington , D.C, Compass Locations: Washington ,
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