Purchase loan applications soar 9% following drop in mortgage rates

Trend could bode well for the spring homebuying season, the Mortgage Bankers Association said Wednesday, but Fed may take its time before cutting rates. Continue reading

Inflation concerns not reflected in latest mortgage rate survey

A weekly mortgage rate survey from Freddie Mac shows rates continuing to slide, but the snapshot of average rates over a seven-day period doesn’t fully reflect new data that’s pushed rates up this week on renewed worries about inflation. Continue reading