Downward trend in mortgage rates not enough to spur homebuyers

Requests to refinance are up 40 percent from a year ago, but uncertainty “continues to hold homebuyers out of the market,” Mortage Bankers Association economist Joel Kan said Wednesday. Continue reading

House payments have skyrocketed. Are they finally beginning to peak?

Mortgage payments are as high as it’s been in recent memory. But a sudden slowdown in growth may spell a turning point for the market. Continue reading