Overall mortgage app volume rose for a second straight week, with continued interest in ARMs amid an environment of rising rates.
Read More »Rising Rates Adding up to Mountains of Extra Interest
Mortgage rates have surpassed 5% lately, due in large part to increases to the federal interest rate by the Federal Reserve who in addition to raising the rate twice ...
Read More »Refi Closing Costs Exceed $2,300 in 2021
ClosingCorp, a provider of mortgage and closing cost data and subsidiary of CoreLogic, released its most recent Refinance Closing Cost Report for 2021 finding that the average closing ...
Read More »Home Purchase Sentiment Falls to Lowest Level Since 2020
The latest iteration of Fannie Mae’s Home Purchase Sentiment Index (HPSI) for April decreased by 4.7 points to 68.5, its lowest level since May 2020, as rising mortgage rates and ...
Read More »Mortgage Rates Hit New 13-Year High
After a slight downtick last week, fixed-rate mortgages began an upward climb once again, with inflation reaching levels last seen in 2008.
Read More »Spring & Summer Remain Best Times to Sell Homes
ATTOM Data, a national provider of real estate and property data, has released its annual analysis of the best days of the year to sell a home and ...
Read More »Mortgage Apps Change Course
After weeks of declines, mortgage application volume has trended upward, as refis slowly begin to rise with mortgage rates dipping slightly.
Read More »In Search for Affordable Homes, Where Are Buyers Turning?
Buyers are exploring more options to find additional money in their budget due to intensifying cost pressures which is resulting in increased interest in buyers relocating to a ...
Read More »Inflation and Migration Hot Spots Go Hand-in-Hand
Metros such as Phoenix, Tampa and Atlanta remain relatively affordable, as more and more are migrating to these Sun Belt areas along with a rise in inflation.
Read More »Adjustable-Rate Mortgages Hit Recent High
Black Knight Inc., has released the latest iteration of its Mortgage Monitor Report for March 2022 which looks at mounting affordability pressures resulting from the competing dynamics of ...
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