In another new sign of the times, roughly 64,000 home-purchase agreements fell through in August 2022 according to Redfin, a number equal to 15.2% of all homes that ...
Read More »New Home Purchase Apps Rebound in August
The MBA reports that new home purchase applications were down year-over-year in August but made a comeback after four consecutive months of declines.
Read More »CFPB Explores Ways to Shape Future Policy Initiatives
The Consumer Financial Protection Bureau (CFPB) is asking for public input on ways to spur new mortgage products that help households. The CFPB seeks insights on ways to ...
Read More »Homebuyer Affordability Inches Upward in August
Homebuyer affordability improved for the third consecutive month in August, with the national median payment applied for by applicants decreasing to $1,839 from $1,844 in July. This is ...
Read More »Mortgage Rates Climb to New 14-Year Highs
As the Federal Reserve issues another rate hike to tame high-riding inflation, Freddie Mac reported the fixed-rate mortgage climbed 27-basis points over last week, rising to levels last seen in 2008.
Read More »Mortgage App Volume Ends Six-Week Skid
For the first time in more than 45 days, mortgage application volume turned upward, as the MBA reported overall app volume rose nearly 4% week-over week, ahead of yet another rate hike by the Fed.
Read More »Sales Slip, Prices Soften From July
A recent study from RE/MAX revealed that new listings dropped nearly 13% from July, and inventory declined almost 2%, after four months of consecutive, double-digit growth. Click here for the latest details.
Read More »Property Management, Servicing & Compliance Labs Explore Industry Challenges
With representatives from numerous banks and servicers, as well as government agencies such as FHFA, the GSEs, and the CFPB, the Five Star Educational Labs delved into headwinds and insights from dozens of subject-matter experts.
Read More »The Week Ahead: Senate to Examine the State of Rural Housing
The Senate Banking Committee will host a hearing taking a closer look at the USDA’s loan guarantees to purchase homes in rural areas, through a discussion with stakeholders in the USDA’s housing services.
Read More »Higher Interest Rates Spell Disaster for Racial Housing Gaps
According to Urban Institute authors Michael Neal and Daniel Pang, the current environment of rising interest rates has important implications for the wealth gap between white and Black ...
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