Daily Dose

Mortgage rates fell for the fourth consecutive week, and with lingering concerns over less-than-stellar economic growth, overall homebuyer sentiment continues to lag.

For the first time in nine months, the MBA reports that mortgage credit availability increased in November, driven by a spike in the interest of ARM loans amid a declining rate environment.

According to Realtor.com, there are still relative housing bargains to be had if you look in the right place. This new report highlights some of the areas slated to see the strongest growth in the coming year.

Despite a minuscule rise in home-purchase sentiment for the month of November, Fannie Mae’s survey finds near-record pessimism and predicts slow sales heading into 2023.

Mortgage rates will be key in 2023 according to Redfin, which predicts that relatively high rates will likely result in the slowest housing-market year since 2011.

Acquisition of nationwide reverse lender by Finance of America marks the company’s expansion into the direct-to-consumer retail channel.

New research from LendingTree reveals the U.S. cities where a mortgage is almost as affordable as renting.

An Urban Institute report claims recent fears about adjustable-rate mortgages are unfounded, suggesting that the lending tool should be utilized more often.

“Following the recent mortgage rate surge above 7%, real estate activity and consumer sentiment regarding the housing market took a nosedive,” said Selma Hepp, Interim Lead of the Office of the Chief Economist at CoreLogic.

Two studies claim artificial intelligence and machine learning are a step in the right direction but not the absolute answer to cutting costs in home construction.