Not since early 2011 have mortgage rates hit the 5% mark, but this week, that became a reality, as elevated home prices and short supply are making the dream of homeownership an expensive proposition.
Read More »Sellers Should Start Preparing Their Homes for Sale Post Haste
As part of “Listapalooza,” Realtor.com has released a slew of new data showing that potential sellers should think about preparing their home to sell now, during the time ...
Read More »Interest Rises in ARMs
As mortgage rates cross the 5%-mark, application volume continues to tail off, the share of ARMs apps rose, a positive sign in purchase demand while affordability challenges linger.
Read More »Adversity Mounts for Single Women Seeking Homes
It’s no secret that home prices are rising in nearly every corner of the country, but what does that mean for certain marginalized demographics in their search for ...
Read More »Profits Down for Independent Mortgage Bankers
Independent Mortgage Bankers enjoyed success in 2021, despite an environment of increased expenses, rising mortgage rates, and lower refis.
Read More »Credit Availability Declines in March
Mortgage credit availability, a key component of the mortgage application process, decreased in March, according to the Mortgage Credit Availability Index (MCAI), a monthly report from the Mortgage Bankers ...
Read More »COVID-19 Is Still Affecting Homebuyers’ Choices
The housing market is currently in a tizzy—prices hit new records seemingly every day, while inventory sits near record lows. Even with the market in its current state, ...
Read More »Expert Insights: Uncovering Database Goldmines
Louis Zitting, Founder and CEO of MonitorBase, discusses ways to tap into your database to find those overlooked gems.
Read More »Homebuyer Confidence Continues to Dwindle
The majority of respondents to Fannie Mae’s latest survey reported that they believe now is a bad time to buy a home, setting a new record in the process.
Read More »Upward Drive in Mortgage Rates Continues to Soften Purchase Activity
Mortgage rates rose once again this week, creeping closer to the 4.75% mark, rapidly closing the door on affordability for many.
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