Tag Archives: First American

With mortgage rates jumping for four consecutive weeks, overall mortgage application volume continues to suffer, dropping 6.3% over the previous week.

After the Fed decided to raise rates last week, mortgage rates followed suit and edged up to 4.42%, up 26 basis points over last week and forcing more prospective buyers to the sidelines.

Sales of new single‐family houses were at a seasonally adjusted annual rate of 772,000 in February, falling 2% below January’s rate of 788,000.

MReport takes a closer look at the ripple effects caused by supply chain issues on the housing market, and when we can target a return to the days of a normal supply of housing inventory.

As rates shift upward, eager buyers and refinance-seekers are locking in before anticipated hikes continue.

Overall mortgage application volume declined week-over-week, as the pool of borrowers left are losing the incentive to refinance.

Lack of sufficient inventory combined with inflation and the threat of rising interest rates continue to put pressure on the market.

Low housing supply and rising prices sent pending sales downward as contract signings dropped in all regions of the nation.

Even with rates heading back down to the 3% mark, many single‐family home buyers are being outpriced with lumber costs again on the upswing.

After securing a $12.5 million investment, Candor CEO Showalter details how the deal came about, and how it will take the company’s AI-decisioning technology to the next level.