Zillow just released findings from its Weekly Market Report portraying housing market data for the week ending on October 31. According to Zillow’s data, the housing market is ...
Read More »Economy Experiences “Uneven Recovery” Despite Jump in New Jobs
There appears to be a bit of bounce in the step of economic activity in the U.S. as total nonfarm payroll employment spiked by 638,000 in October, coupled ...
Read More »Fintech Borrowers May Need More Credit Protections
The global health crisis is harming many Americans' financial histories, which, in the long run, could prevent large numbers of families from securing lending for a home. While ...
Read More »2020 Homebuyer Trends May Have Lasting Impact
The housing industry has experienced plenty of changes this year since COVID-19 drastically changed the way people go about their day-to-day lives--and the way they buy homes. 2020’s ...
Read More »Fannie Mae Names New Chair of the Board of Directors
Fannie Mae announced on Wednesday that Sheila C. Bair will take on the role of Chair of Fannie Mae’s Board of Directors. The Board unanimously passed a resolution ...
Read More »30-Year Fixed-Rate Mortgage Hits Record Low
Freddie Mac announced that the 30-year fixed-rate mortgage (FRM) has reached its lowest rate since the government-sponsored enterprise began publishing its Primary Mortgage Market Survey (PMMS) in 1971. ...
Read More »Home Equity Continues to Rise, Even in Uncertain Economy
Of the 58.9 million mortgaged homes in the United States, 16.7 million considered equity-rich, meaning that the combined estimated amount of loans secured by those properties was less than 50% ...
Read More »How Have Mortgage Application Volumes Shifted?
The results from the most recent Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey have just been released. The survey, which analyzed data for the week ending on ...
Read More »COVID-19 Driving Digital Mortgage Lending
In the midst of the pandemic and economic turmoil, seamless digital transactions will be at the epicenter of business survival, according to a study by the Economist Intelligence ...
Read More »Millennials Jump to Refinance Mortgages
Scores of millennials leaped at the chance to refinance their mortgages in September, according to the latest Ellie Mae Millennial Tracker. During that month, there was an acceleration ...
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