With mortgage rates averaging 40 basis points higher than one month ago, overall mortgage application volume deviated from the norm and rose slightly week-over-week, led by an increase in ARM volume.
Read More »Ally Financial’s Jeffrey Brown to Step Down as CEO
After 14 years at Ally, and having served as CEO since 2015, Jeffrey Brown will remain with the bank through early 2024 before joining Hendrick Automotive Group as President.
Read More »Mortgage Credit Availability Rises Slightly in September
The MBA reports that lenders nationwide marginally increased their loan offerings to meet the changing needs of borrowers in the face of ongoing mortgage rates above the 7% mark.
Read More »Plunk Taps Joe Dahleen as Advisor
The AI-powered home analytics provider has appointed a seasoned advisor to introduce risk assessment and remodel analysis tools to the banking industry.
Read More »Nearly 2.5 Million U.S. Households Moved Into SFR Homes Over the Last Year
Through an analysis of U.S. Census Bureau data, the National Rental Home Council reports a 5.3% year-over-year increase of households moving into single-family rentals.
Read More »Homebuyer Demand Scales Back as Mortgage Rates Remain at 20-Year Highs
Mortgage rates rose 18 basis points week-over-week according to Freddie Mac, forced upward by the trajectory of the 10-year Treasury yield, shifts in inflation, and the labor market.
Read More »Asking Rents Level Off in September
Redfin reports that the median U.S. asking rent in September was little changed from a year earlier for the sixth straight month, with a rise in the number of rentals making it harder for landlords to boost prices.
Read More »What Challenges Lie Ahead for U.S. Real Estate Firms
A new report from NAR surveyed how real estate agents operate and assessed what lies ahead in the future. Click through to examine the findings of this study.
Read More »Purchase Mortgage Apps Fall to 28-Year Low
A recent upward trend in Treasury yields has pushed mortgage rates above the 7.5% mark, further complicating the road to affordability for many as mortgage apps have dropped 6% week-over-week.
Read More »HUD Issues More Than $30M to Fight Housing Discrimination
The Department has announced more than $30 million in grants that will support fair housing education, outreach, testing, and enforcement activities.
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