Freddie Mac reports the fixed-rate mortgage hit an average of 6.02% this week, a high point not seen since 2008 as affordability conditions continue to worsen for many potential buyers.
Read More »Homebuyers Find More Options in Fall
Since the start of the pandemic, homes have been in high demand leading to fierce competition, rapidly depleting inventory, soaring prices, and a swift market pace. Realtor.com recently ...
Read More »New Mortgage Payments Up $800 YoY
It’s no secret that the combination of rising home prices along with a trend of increasing interest rates have made buying the typical single-family home much more expensive, if ...
Read More »Building Generational Wealth by Lowering the FHA’s MIP
A coalition of housing industry trade groups have requested that the White House’s National Economic Council push the FHA to slash its mortgage insurance premium to put more money into the pockets of home buyers.
Read More »Higher Mortgage Rates Push Refis Down More Than 80% YoY
Overall mortgage application volume dipped yet again this week, falling 1.2% week-over-week according to the MBA, with rates edging near the 6%-mark and forcing more homebuyers to the sidelines.
Read More »Report: Market Downturn Won’t Yield 2008 Market Crash Results
Brace has observed in its latest Mortgage Servicing Pulse that changes in Servicing regulations following the Great Recession, coupled with accelerated digital adoption during the Covid pandemic, have ...
Read More »15-Year Mortgages Remain Bargain Compared to Other Options
Mortgages rates, topping 5.6% for the first time in over a decade, have fluctuated significantly over the past few months but are now significantly higher than they were ...
Read More »All Regions Report Home Price Appreciation, But Is It Sustainable?
According to the latest Home Data Index Market Report from Clear Capital, home price appreciation cooled markedly in August as it’s proprietary Clear Capital Home Data Index for ...
Read More »Mortgage Credit Availability Falls in August
As investors continue to reduce their offerings of ARM and non-QM loan programs and with overall origination volume forecast to constrict, the MBA found mortgage credit availability on the decline once again in August.
Read More »Women in Housing: Honoring Leadership That Left Its Mark
The Five Star Institute will honor those who have left an indelible impact on the industry, and positively influenced homeownership within the past year at next week’s Five Star Conference and Expo in Dallas.
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