“Mortgage rates declined for the fourth straight week and have now fallen almost 40 basis points over the past month,” said Joel Kan, MBA’s VP and Deputy Chief Economist.
Read More »TransUnion Releases the Q4 2022 Quarterly Credit Industry Insights Report
According to TransUnion’s Q4 2022 Quarterly Credit Industry Insights Report, Q4 of 2022 saw many consumers continuing to look to credit as a means to help stave off financial pressures caused by inflation.
Read More »Nominal Interest Rate up 25pts
The Federal Open Market Committee moved to raise the nominal interest rate by 25 points to a range of 4.50-4.75% at the end of its February meeting.
Read More »5.8 Million Opened First-Ever Lines of Credit in 2021
New-to-credit consumers on the rise, with credit cards being the most common option.
Read More »Highest-Ranking Retirement Destinations May Not Be Where You Think
According to a new StorageCafe study, while Florida boasts two of the top three metropolitan areas for retirees, half of the nation’s best retirement destinations were found in the Northeast, with New York's New York City and Albany atop the list.
Read More »Examining Homeownership Gender Gaps
Single women own an estimated 2.64 million more homes than single men nationwide, according to a new LendingTree study, and are more likely to own their homes. Click here to see where the homeownership gap between genders is the largest in the U.S.
Read More »Homebuyer Assistance Programs Increase for Fifth-Straight Quarters
A new report found an upward trend in new homebuyer assistance programs amid difficult homebuying conditions.
Read More »FHA-Insured Mortgage Loss Mitigation Plans Extended
Pandemic-era loss mitigation plans have been expanded and extended by the FHA going forward. Click through to find out what that means for borrowers and servicers alike.
Read More »Homebuyers Return as Market Shifts Toward Their Favor
According to a new Redfin study, as homebuyers adjust to 6% mortgage rates, more homes have gone under contract in January than in the entire fourth quarter, up from a low in November and December.
Read More »Potential Homebuyers Opting to Rent Rather Than Buy
The share of families living in apartments has reached the highest level in half a century, as a new RentCafe study shows more of those who could purchase a home are choosing instead to rent.
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