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Home prices lost momentum in July as mortgage rates climbed
loantrust.ai

Home prices lost momentum in July as mortgage rates climbed

Educational Scotsman Guide reports that home prices saw no monthly gains in July, according to Cotality, as climbing mortgage rates and persistent affordability pressures cooled what had been a resilient market. The stall marks a shift from earlier in the year, when values continued edging upward despite higher borrowing costs.

Hans Michel/ / 2 min read
Mortgage rates rise to 6.85%, highest in more than a year
loantrust.ai

Mortgage rates rise to 6.85%, highest in more than a year

Educational BREAKING — National Mortgage News reports that mortgage rates have climbed to 6.85%, their highest point in more than a year. The upward pressure on borrowing costs has cooled loan demand measurably. The Mortgage Bankers Association's refinance index dropped 6.2% and now sits at its lowest

Hans Michel/ / 2 min read
Mortgage rates soar to 6.85% as ARM demand reaches summer high
loantrust.ai

Mortgage rates soar to 6.85% as ARM demand reaches summer high

Educational BREAKING — Mortgage Professional America reports that mortgage rates have climbed to 6.85% and demand for adjustable-rate mortgages has hit a summer peak, as borrowers shifted away from fixed-rate products during the week ending September 4. The move toward ARMs coincided with a slide in overall application

Hans Michel/ / 2 min read
Demand for riskier mortgages rises again, along with interest rates
loantrust.ai

Demand for riskier mortgages rises again, along with interest rates

Educational CNBC Real Estate reports that rising mortgage rates are pushing more borrowers toward adjustable rate mortgages, which carry lower initial rates than their fixed-rate counterparts. The trade-off is familiar: borrowers exchange predictability for temporary affordability, betting that rates will ease before their loans reset. It is a

Hans Michel/ / 2 min read