The MBA reports that affordability improved slightly for the nation’s homeowners in September, as the national median payment applied for by purchase applicants fell slightly month-over-month. Click through to learn more about the changes.
Read More »23-Year-High Mortgage Rates Further Suppress App Volume
With the 30-year, fixed-rate mortgage edging closer to eclipsing the 8% mark, the MBA reports overall application volume falling from last week’s total, dipping to the slowest weekly pace reported since 1995.
Read More »HUD Expands Housing Choice Voucher Program
New action by the Department will broaden housing and neighborhood choices for more than 800,000 total households by giving families more choices and supporting more inclusive communities. Here’s why HUD Sec. Marcia Fudge said this action “helps realize a dream that has been deferred for too long.”
Read More »Peter Boomer Named President of Proper Rate
Mortgage lender adds 30-year former PNC Bank and JP Morgan Chase exec to lead overall direction and manage oversight of the company’s strategic growth.
Read More »Median Home Sales Price Hits $415K Nationwide in September
Real Estate Agent Meghan Carroll says, "Inventory levels are also still low, which is keeping the prices higher and making bidding wars commonplace here. So, it can be tough out there for some buyers–especially young, first-time buyers." Click through to read the full September 2023 Housing Report from RE/MAX.
Read More »Report: Commercial/Multifamily Lending Taking a Blow in 2023?
Driven by the changes in office work schedules and questions about how companies will handle hybrid work schedules, here’s how much an MBA report is forecasting overall commercial and multifamily mortgage borrowing/lending to plummet once 2023 is done.
Read More »New Home Listings on the Rise
Redfin found that new home listings in September ticked upward, marking the largest increase recorded since February 2022. Click through to find how the overall market has been impacted.
Read More »Home Builder Confidence Dips for Third Consecutive Month
With mortgage rates continuing to edge closer to the 8% mark, home builders have reduced home prices in order to boost sales. Just how many reported cutting home prices in October? We’ve got the answers.
Read More »I Do! (Want a Home)
A new report from Zillow has found that more couples are turning to wedding registries for assistance in buying their first home in lieu of traditional wedding gifts. Read on for details on how many newlyweds are getting creative in their pursuit of homeownership funds.
Read More »Mortgage Rates Push Closer to the 8% Mark
“Incoming data shows that the construction of new homes rebounded in September, but as rates keep rising, home builders appear to be losing confidence,” said Freddie Mac Chief Economist Sam Khater. Check out the data and further insights after the link.
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