Government

A slowdown in inflation caused the 30-year, fixed-rate mortgage to take an 18-basis point week-over-week plunge after nearly crossing the 7%-mark the week prior.

“While permits, a leading indicator of future starts, ticked up 2.2% month over month, the pace of construction slowed as single-family housing starts were down 7.0% month over month, meaning less groundbreaking on new homes, and single-family completions were down 2.8% month-over-month, meaning less supply was added to the housing stock,” said First American Deputy Chief Economist Odeta Kushi.

The Biden Administration and HUD announced they will increase the transparency of housing fees, and released new research that summarizes state and local innovation to address junk fees nationwide.

The Harvard Joint Center for Housing Studies has issued its State of the Nation's Housing report, underscoring how the U.S. is dealing with sustainability issues faced in today’s marketplace.

Fannie Mae's latest Home Price Index reveals home prices grew 3% year-over-year in Q2, and while demand remained resilient, competition heated up for the near-historically limited supply of existing homes for sale.

As the condo and co-op market shifts and new issues emerge, Fannie Mae is evaluating policies to develop new solutions to support this market evolution.

MortgagePoint speaks with mortgage servicing execs from BOK Financial, Carrington, the NMSA, PHH Mortgage Corporation, and Servbank about the unusual times and unusual opportunities the industry faces midway through 2023.

Taylor Marr, Deputy Chief Economist for Redfin, recently sat down with MortgagePoint to discuss recent migration trends, the direction of the market, and much more. Click through to hear his insights on the state of the nation’s housing landscape.

Despite mortgage rates reaching their highest levels since November 2022, overall app volume rose week-over-week, led by an increase in both FHA and VA purchase applications.

The Investment, funded by the U.S. Department of Housing and Urban Development Office of Multifamily Housing, is a $930 million Rental Assistance Demonstration offering major home improvements and updates to 2,035 rental homes under the umbrella of the New York City Housing Authority.