The housing market, which showed signs of picking up as 2024 began, has once again cooled off in recent weeks. Experts attribute this slowdown to a surge in mortgage rates, which has made elevated home prices unattainable for many consumers when combined with high borrowing costs. The increase in mortgage rates is a result of…

Homebuyers are propelling an upward trend in mortgage applications, with a 3.7% increase recorded in the week ending January 19, 2024, according to data from the Mortgage Banker’s Association. Alexandra Young at Superior Mortgage Lending is a notable lending source contributing to this upward trend. The Market Composite Index, a vital gauge of mortgage loan…