The Latest

(Illustration by The Real Deal with Getty)
National

Mortgage rates climb to 15-year high

Mortgage rates hit their highest level in 15 years, continuing a surge that’s likely no longer a big surprise in the market, but not any less painful. The average 30-year fixed mortgage rate reached...

Mortgage rates climb to 15-year high
(Photo Illustration by The Real Deal with Getty Images)
National

Mortgage rates hit 14-year high

Mortgage rates hit yet another new high and may continue to rise as the Federal Reserve looks to tackle inflation. The average rate on a 30-year fixed mortgage hit 5.89 percent this week, according...

Mortgage rates hit 14-year high
(Illustration by The Real Deal with Getty Images)

South Florida’s June resi sales drop by double digits

Residential sales declined again across South Florida in June, with double-digit drops in Miami-Dade, Broward and Palm Beach counties....

South Florida’s June resi sales drop by double digits
LoanDepot's Anthony Hsieh (iStock, LoanDepot)
National

LoanDepot laying off thousands

Another lender is resorting to layoffs as the mortgage market shrivels. Tucked in near the end of a business plan released Tuesday morning, loanDepot announced it would shed 4,800 people, or 42 percent of...

LoanDepot laying off thousands
(iStock)
National

Mortgage rates falling back toward 5%

Suddenly, a 5.3 percent mortgage seems low. That was the average rate on a 30-year, fixed-rate mortgage this week, the Wall Street Journal reported. The average rate was a significant drop from last week,...

Mortgage rates falling back toward 5%
Federal Reserve Chair Jerome Powell (Getty, Freddie Mac, iStock)
National

Mortgage rates flirt with 6%, but silver linings exist

After reaching record-breaking lows during the pandemic, mortgage rates have been climbing at a similarly historic pace this year,...

Mortgage rates flirt with 6%, but silver linings exist
Mortgage Bankers Association's Joel Kan (LinkedIn, iStock)
National

Mortgage demand at lowest level in 22 years

To find the last time mortgage demand was this low, you’d have to put on your Y2K glasses. For the week ending June 3, the Mortgage Bankers Association’s index measuring mortgage loan application volume...

Mortgage demand at lowest level in 22 years
Mortgage rates surge, capping fastest rise since 1994
National

Mortgage rates surge, capping fastest rise since 1994

Mortgage rates last week jumped to their highest level in more than three years, which could bring the housing...

Mortgage rates surge, capping fastest rise since 1994
(iStock)
New York

Mortgage rates hit 20-month high

Mortgage rates are as high as they’ve been in almost two years, a rise that could hamper buyers and temper the housing market’s hot streak. The Wall Street Journal reported the average rate for...

Mortgage rates hit 20-month high
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