With rates dropping slightly to 3.10%, a strengthening economy and improvements in employment numbers are two factors that will drive a strong housing market into 2022.
Read More »Falling Rates Spark Run on Refis
Overall mortgage application volume is on the rise, and with rates just above the 3% mark, refinances led purchase apps in a market still hamstrung by supply concerns.
Read More »Overall Housing Sentiment Remains Stable
A new study has found that 70% of respondents feel the economy is on the wrong track, as economic pessimism hits decade-long-high.
Read More »Cash-Out Refis Make Up Most of the Refi Volume
Another 5.5 million homeowners took advantage of low rates and record home price growth to tap available equity via cash-outs, which—as rates rise—now make up the majority of refinance activity.
Read More »Strong Housing Market Boosts Overall Household Wealth
New study finds the median net worth of U.S. households rose 17.6% from 2016-2019.
Read More »Building Permits Boom—Will the Market Finally See Inventory Relief?
One economist stated, "Builders in recent months have put the pedal to the metal to get new homes up and meet a rush of demand.
Read More »Rates Remain Favorable for Refi-Seekers
In a holiday-shortened week, mortgage rates rose slightly, hitting 3.11%, yet remaining within range of all-time lows.
Read More »November Median Home Sale Price Reaches New High
If you thought the housing supply hit rock bottom in February, you thought wrong. According to a new report from Redfin, the number of homes available for sale fell by another 38,000 units finding ...
Read More »Refi Interest Wanes as Rates Begin to Rise
As mortgage rates begin to ascend, overall mortgage purchase and refinance application volume has begun to tail off.
Read More »Mixed Bag of Housing Opportunities Forecast for 2022
New economic data finds that prospective buyers must withstand an impending whirlwind market heading into the new year.
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