Mortgage rates punch through 7% but may pause for Fed clues

Several Fed policymakers have hinted that they’d be open to a smaller increase in short-term rates in December if there are signs that inflation is starting to ease. Continue reading

Rising mortgage rates most difficult for first-time homebuyers: MBA

As rates surged last week, demand for FHA purchase loans dropped by nearly 8 percent, according to a weekly lender survey by the Mortgage Bankers Association released Wednesday. Continue reading