The Mortgage Bankers Association said higher borrowing costs pushed total applications down 1% last week, with refinance demand taking the biggest hit.
Tenants in one Fort Worth apartment complex say broken cooling has left them struggling through extreme heat while repairs lag.
A new housing report says the income needed to buy a typical home in the county climbed to its highest level in two years.
Housing economists point to tight supply, modest price gains and firmer lending standards rather than a repeat of 2008.
A Bankrate explainer says refinancing can still help some homeowners, but shopping, fees and loan terms matter as much as the headline rate.
A Los Angeles Times analysis says today’s buyers look safer on paper than the 2005 cohort, but affordability remains brutal.
Census and HUD said July sales were down from June and a year earlier, while builders kept a tight grip on new construction plans.
HousingWire says long-term Treasury purchases have not translated into cheaper home loans, even as jumbo rates posted the week’s biggest increase.
The latest Case-Shiller data showed another yearly increase, but high borrowing costs kept the housing market under strain.
Borrowing against home equity can protect an old low mortgage rate, but it can also reset a loan at today’s higher rate and add closing costs.