Mortgage rates decline for first time in 2 months
Lower borrowing costs eased pressure on homebuyers, but mortgage demand still fell as rates remain more than a point above year-ago levels.
- Total mortgage application volume fell 5.3% last week, according to the Mortgage Bankers Association, even as Freddie Mac reported the benchmark 30-year fixed-rate mortgage dropped to 7.32% from 7.40%.
- Buyers remain sidelined by stubborn home prices and elevated interest rates, which hover uncomfortably near seven percent, leading many house hunters to adopt a wait-and-see posture.
- Joel Kan, an MBA economist, stated that "lower rates were not enough to boost application activity," with purchase applications falling 7% and refinance demand 59% lower than one year ago.
- Because millions of homeowners are locked into lower rates, resale inventory remains tight, forcing 10.5 percent of shoppers to pursue adjustable-rate mortgages for lower borrowing costs.
- Economists suggest rates must decline sustainably toward six percent to unleash pent-up demand, noting the housing market standoff will likely continue until borrowing costs drop or sellers offer concessions.
208 Articles
208 Articles
Zelenskyy Rejects Idea of Inviting Putin to Kyiv. Says It Would Be “Destructive”
Ukrainian President Volodymyr Zelenskyy dismissed the idea of inviting Russian leader Vladimir Putin to Kyiv, describing such a proposal as counterproductive and unlikely to contribute to efforts to end Russia’s war against Ukraine.
Ukrainian President considers a call with Kremlin head to be "destructive" and calls for real negotiations before the next Russian-Ukrainian technical meeting in Abu Dhabi
Noticias de Navarra
Ukrainian President Volodimir Zelenski refused this Tuesday to hold a telephone conversation with Kremlin leader Vladimir Putin, to meet him in Moscow or invite him to meet in Kiev, because it would be "destructive" and an insult to all those who yearn for peace.
Vladimir Zelensky refused telephone talks with Russia to resolve the conflict in Ukraine. The head of the Kiev regime called the telephone talks with Russia on the issue of a settlement in Ukraine to be futile, transmitting TASS with reference to the transmission of a political office. "If speaking on the phone – Russia will use this as an opportunity not to meet again," he said in a joint press conference with German Chancellor Friedrich Merz. …
"We offered a truce but Russia attacks us every day." On November 19th in Berlin, a summit of the coalition of the willing. On Thursday Melania Trump brings Russian and Ukrainian officials to the White House (ANSA)
In the interview, ZELENSKI called on Trump to increase the pressure on Putin, and not on Ukraine, and talked about how the war took away childhood from Ukrainian children, including his son.
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