Mortgage demand hits 22-year low as loan applications continue to drop

Mortgage demand hits 22-year low as loan applications continue to drop

Tom Rood, SitusAMC Managing Director, discusses the increased costs of building a home and buying in the current real estate market Mortgage applications decreased last week, the third week in a row, as they now sit at the lowest level since 2000, according to a new survey. On Wednesday, the Mortgage Bankers Association (MBA) released

U.S. stocks meander after sharp drop on economic concerns

U.S. stocks meander after sharp drop on economic concerns

U.S. stocks meandered Friday, ending a punishing week mixed after tumbling the prior day on fears that economic activity would be curtailed by interest rate hikes to cool inflation. After turning tail on Thursday, benchmark indexes fell in afternoon trading, with the Dow Jones Industrial Average dipping 38 points, or 0.1%, to close at 28,889.

Current mortgage rates for Aug. 5, 2021: Rates drop

Current mortgage rates for Aug. 5, 2021: Rates drop

Jim Lane/Getty Images Today, several major mortgage rates dropped. The average interest rates for 15- and 30- year fixed mortgages both decreased, while 5/1 adjustable-rate mortgages also declined. Mortgage rates always fluctuate, but rates are currently at all-time lows. If you’re looking to lock in a low fixed-rate, now might be an opportune time to

RBI clarifies crypto law | Bitcoin fees drop

RBI clarifies crypto law | Bitcoin fees drop

In this issue Is India’s central bank greenlighting crypto? Thailand’s SEC tries to rein in DeFi with new rules Bitcoin transaction fees plummet to new lows Cardano rolls out Alonzo upgrade in prep for DeFi Will China’s future digital yuan offer smart contracts? From the Editor’s Desk Dear Reader, In Asia, “face” —