Daily Dose

A new report from Citizens Financial found that homeowners are following their home’s equity more closely as prices continue to fluctuate.

According to a new market analysis from ATTOM, lenders issued 660,767 residential refinance mortgages in Q3 of 2022, marking the smallest count recorded since Q1 of 2019, down 31% from Q2 of 2022.

According to Zillow, a majority of homeowners put more time into shopping for a new vehicle than they did looking for a mortgage lender. Click through to find out what that means.

“Home sales are projected to hit a trough in Q2 2023, at a selling pace of 4.27 million annualized units, as the full effect of higher mortgage rates and the projected recession take hold,” according to a new Fannie Mae forecast.

Thirty-four-year industry veteran joins national lender to oversee sales and business development operations for the company’s Pacific Northwest Division.

Some 30% of borrowers do not rate shop when applying for a mortgage. Click through to see what that means.

“The historic drop in mortgage rates is a tick in the ‘good news’ box for the housing market, as lower rates deliver an immediate win for prospective buyers’ pocketbooks,” said Taylor Marr, Redfin’s Deputy Chief Economist.

A new Zillow analysis found that sellers looking to slash prices are doing so on a Thursday, with price cuts on average nearly 3% of the listing price, or $11,000 off the price of a typical U.S. home.

Michele M. Evans of Fannie Mae discusses the GSE’s new Positive Rent Payment Reporting pilot program and how renters on the path to homeownership can build their credit history and improve their credit score.

NAR reports that existing-home sales nationwide faded for the ninth straight month to a seasonally adjusted annual rate of 4.43 million.