Rising Mortgage Rates Drive Down Home Loan Application Demand
Mortgage applications suffered another setback last week as rising interest rates dragged down demand for home loans, according to the Mortgage Bankers Association. For the week ending July 10, MBA's Market Composite Index—a measure of total mortgage loan application volume—shed 2.7% on a seasonally
Jenny Hits a Block: Sale of Jennifer Lopez and Ben Affleck’s $50 Million Marital Mansion Stalls as Mystery Buyer ‘Falls Through’
Jennifer Lopez's attempt to finally offload the Beverly Hills mansion she shared with ex-husband Ben Affleck has reportedly suffered a significant setback after a mystery buyer who had entered escrow on the $50 million property allegedly walked away from the deal. Just days after one of Lopez's brok
Think Nobody's Buying Homes Right Now? Think Again.
If you've been thinking about selling, you've probably seen plenty of headlines suggesting buyers have just about disappeared. But there's a big difference between a slow market and a stalled one.Yes, mortgage rates are still higher than most people would like. Homes aren’t selling as fast as they w
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