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C 300 still comes with 4Matic all-wheel drive and is rated at almost 430 WLTP range miles ...
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Microsoft continues to modify its Xbox Game Pass service as the company tries to get a handle on how expensive it is. The company said that in November it will eliminate the unlimited cloud gaming perk that comes with a subscription and instead limit the number of hours based on the membership level. Rumors circulated…
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Amazon just announced a massive sale set to kick off in October, but you don’t have to wait until next month if you’re on the hunt for great bargains. Walmart already has some incredible deals available, and CNET’s savings experts have hand-picked some of the best ones to shop right now. You’ll find our top…
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Two of the country’s largest internet providers have officially become one, as existing Cox customers will start getting their monthly internet bills from Spectrum starting on Sep. 16. Charter, which sells phone, internet and TV services under the Spectrum brand, agreed to buy Cox in May 2025, but the deal didn’t clear its final hurdle…
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Bose’s most compact Bluetooth speaker, the SoundLink Micro, was finally upgraded last year after eight years. Slightly larger than the original, this second-gen model offers Bluetooth 5.4, USB-C charging instead of the old micro USB, improved battery life and sound quality, plus a new integrated Velcro strap for attaching it to a backpack strap, bike…
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of ConsumerAffairs
September 16, 2026
U.S. mortgage applications fell 4.1% in the week ended Sept. 11 as borrowing costs approached 7%.
Refinancing applications dropped 9%, while home-purchase applications declined 1%.
The average rate on a conforming 30-year fixed mortgage rose to 6.97%, its highest level since May 2025.
If youve decided to continue renting, you arent the only one. U.S. mortgage applications declined last week, as rising bond yields pushed home-loan rates toward 7%, prompting prospective buyers to pause and reducing the incentive for homeowners to refinance.
The Mortgage Bankers Associations Market Composite Index, a measure of total mortgage application volume, fell 4.1% on a seasonally adjusted basis in the week ended Sept. 11. On an unadjusted basis, applications dropped 15%.
The average contract interest rate for 30-year fixed mortgages with conforming loan balances of $832,750 or less increased to 6.97% from 6.85% a week earlier. That was the highest rate recorded by the survey since May 2025.
Ongoing market concerns over spiking energy prices, persistently high inflation, and future monetary policy pushed bond yields and mortgage rates higher last week, Joel Kan, MBAs vice president and deputy chief economist, said in the release. As the 10-year Treasury yield moved closer to 5%, mortgage rates followed, he noted.
Rising borrowing costs
Higher borrowing costs weighed on both major segments of the market. The seasonally adjusted Purchase Index decreased 1% from the previous week, while the unadjusted index fell 13% and was 19% below its level during the comparable week in 2025.
Kan said that, after accounting for the Labor Day holiday, elevated rates caused many prospective buyers to put their purchase decisions on hold.
Refinancing activity weakened more sharply. The Refinance Index fell 9% for the week and was 65% lower than a year earlier. Rates near 7% eliminated much of the potential savings from refinancing, producing declines in conventional, Federal Housing Administration and Department of Veterans Affairs applications, Kan said.
Huge drop in refinancing
The refinance share of total mortgage activity decreased to 39.4% from 40.9% the previous week. Adjustable-rate mortgages accounted for 8.4% of applications.
Among government-backed loans, the FHA share declined to 16.9% from 17.2%, while the VA share rose to 12.4% from 12%. The U.S.
Consumer Daily Reports Article Count: 6378
Environmental News Articles Article Count: 32
Reviews Article Count: 2089
Vehicle News Articles Article Count: 808
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