Mortgages

It drops 7.3% to a seasonally adjusted annualised rate of 580,000 units

The average for a 30-year fixed loan drops to 6.47% from 6.52% a week earlier, Freddie Mac says

Average mortgage rates have climbed by almost a full percentage point since the start of the conflict

Banks and building societies approve 65,945 home loans, up from 63,979 in March and the highest number since January last year

Lack of housing supply is a key driver behind the lacklustre pace of home sales

Their shares slide as housing demand and investor lending weaken; lenders turn to cost cuts, automation to protect returns

[NEW YORK] US mortgage rates surged this week to the highest level since August, threatening a spring selling season that was just starting to get a pulse.

US MORTGAGE rates increased last week to an almost two-month high, weighing on home purchase activity. 

The housing market has remained on the back foot this year