Mortgage applications surge to highest level in six weeks: MBA

Mortgage applications rose to their highest level in six weeks after the 30-year fixed mortgage rate fell to 7.44% last week.Total home loan applications increased 3% for the week ending Nov. 17 compared to the previous week, according to data from the Mortgage Bankers Association (MBA).Mortgage rat
Read MoreShare of mortgage-free homeowners hits all-time high in 2022

While prospective homebuyers are grappling with still-elevated mortgage rates, a growing share of Americans are enjoying being mortgage-free.In 2022, nearly 40% of U.S. homeowners owned their homes outright, according to Census Bureau data analyzed by Bloomberg. In total, 33.3 million single-family
Read MoreOpinion: More should be done to shorten the average time to close

Seemingly forever, the average time between reaching a sales agreement and closing on that property has hovered around 45 days — a month and a half. It’s not something consumers think about much when they set out to buy a first home or plan to upsize to accommodate life changes. In fact, if you were
Read More“Workspitality” One Pandemic-Era Legacy Likely To Last

Office workers may not like the idea of returning to their workplaces, but the addition of hotel-like conveniences and comforts may lead to a change of heart.
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