The maximum loan limits for FHA forward mortgages will rise in 3,222 U.S. counties next year, while in just 12 counties, loan limits will remain unchanged.
Read More »Mortgage Apps Dip Slightly Week-Over-Week
After two weeks of increases in overall mortgage application volume, a holiday-shortened week found volume slipping slightly, despite the 30-year fixed mortgage rate dropping to 6.49%.
Read More »October Pending Home Sales Fall 4.6% From September
NAR reports that month-over-month, contract signings fell in three of four major U.S. regions, with only the Midwest showing signs of improvement.
Read More »Baseline 2023 Conforming Loan Limit Rises to $726,200
In most of the U.S., the 2023 CLL value for one-unit properties will be $726,200, an increase of $79,000 from $647,200 in 2022.
Read More »Second Consecutive Week of Rate Drops Spurs App Volume Uptick
After a historic decline in mortgage rates last week, a second consecutive week of rate drops has given way to a 2.2% rise in overall mortgage applications.
Read More »Webinar Spotlight: Insights on Digital Mortgages, Due Diligence & More
Click through to revisit this year's lineup of the Five Star Webinar Series, featuring subject-matter experts delving into the trends and challenges that have defined 2022.
Read More »Planning for Sustainable Success in the LEP Market
Non-English-speaking borrowers remain an underserved market and potential revenue source, but lenders seeking to serve that market need to first consider several things.
Read More »Millennials, Gen Z Increasingly Gravitating Toward HELOCs
A new report from Citizens Financial found that homeowners are following their home’s equity more closely as prices continue to fluctuate.
Read More »Kisha Weir to Lead Pacific Northwest Sales Division for Churchill Mortgage
Thirty-four-year industry veteran joins national lender to oversee sales and business development operations for the company’s Pacific Northwest Division.
Read More »Thursday Is the New Black Friday for Home Sale Discounts
A new Zillow analysis found that sellers looking to slash prices are doing so on a Thursday, with price cuts on average nearly 3% of the listing price, or $11,000 off the price of a typical U.S. home.
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