Mortgage rates sit at nearly 3-year high, and demand continues to shrink

Impact · against what's priced in

Rising mortgage rates to a 3-year high are creating immediate revenue headwinds for mortgage originators and home builders. The significant drop in refinance and purchase applications, particularly among FHA buyers, suggests a prolonged slump in volumes for the financials and real estate sectors.

Scored by the NIS engine · methodology.

Mortgage rates sit at nearly 3-year high, and demand continues to shrink

adjustable rate mortgages
affordability
home purchases
housing market
mortgage rates
real estate
refinancing

Search tags

Mortgage rates sit at nearly 3-year high, and demand continues to shrink

What matters in this story

Greg Abel Committed $6.8 Billion to Homebuilders Like Lennar, Increasing Berkshire's Stake by 30%, Even as Mortgage Rates Sit Near 7.5% and Builder Sentiment Hits Multi-Year Lows. Is This Bold Conviction or a Costly Miscalculation?

Mortgage rates sit at nearly 3-year high, and demand continues to shrink

What matters in this story

Greg Abel Committed $6.8 Billion to Homebuilders Like Lennar, Increasing Berkshire's Stake by 30%, Even as Mortgage Rates Sit Near 7.5% and Builder Sentiment Hits Multi-Year Lows. Is This Bold Conviction or a Costly Miscalculation?

Track these names every morning.

LENNAR INVESTIGATION: Lennar Investors with Losses Should Contact Block & Leviton LLP

Walker & Dunlop Arranges $630 Million Refinance for IMT Portfolio

Tanger: Fundamentals And Growth Outpacing Sector Averages

5 Historically Cheap High-Yield Dividend Stocks Ripe for Income Seekers

Mortgage rates sit at nearly 3-year high, and demand continues to shrink

What matters in this story

Next reads from the same story arc

Greg Abel Committed $6.8 Billion to Homebuilders Like Lennar, Increasing Berkshire's Stake by 30%, Even as Mortgage Rates Sit Near 7.5% and Builder Sentiment Hits Multi-Year Lows. Is This Bold Conviction or a Costly Miscalculation?

Mortgage rates sit at nearly 3-year high, and demand continues to shrink

What matters in this story

Next reads from the same story arc

Greg Abel Committed $6.8 Billion to Homebuilders Like Lennar, Increasing Berkshire's Stake by 30%, Even as Mortgage Rates Sit Near 7.5% and Builder Sentiment Hits Multi-Year Lows. Is This Bold Conviction or a Costly Miscalculation?

Track these names every morning.

LENNAR INVESTIGATION: Lennar Investors with Losses Should Contact Block & Leviton LLP

Walker & Dunlop Arranges $630 Million Refinance for IMT Portfolio

Tanger: Fundamentals And Growth Outpacing Sector Averages

5 Historically Cheap High-Yield Dividend Stocks Ripe for Income Seekers