Borrowers Shift Toward ARMs as Fixed Rates Climb
Mortgage applications pulled back last week as rising rates weighed on homebuyer demand, while refinance activity remained largely flat. The Mortgage Bankers Association (MBA) reported a 2.3% decrease in total application volume on a seasonally adjusted basis for the week ending May 15. The decline
Almost $950 million in tax refunds issued in Georgia ahead of Memorial Day
(Editor’s note: The video above is from an earlier report.)ATLANTA, Ga. (Atlanta News First) — Have you checked your bank account lately? If so, you may be among the millions of Georgians who have received Gov. Brian Kemp’s and the GOP-led legislature’s tax refunds.According to the Georgia Departmen
Builder Sentiment Improves Slightly as Mortgage Rates Continue to Weigh on Demand
Builder confidence improved modestly in May, though sentiment remained subdued as elevated mortgage rates, affordability pressures, and broader economic uncertainty continued to weigh on the housing market. The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) incre
Recent Posts
