Long-time homeowners who can tap equity gains have an advantage over younger homebuyers who are often bidding for their first home and are unable to include as much cash in their offers.
Read More »Mortgage Rates Rise to Six-Month High
Eclipsing the 3% mark for the first time since April, fixed-rate mortgages hit 3.05% this week, with inflationary pressure building due to lingering pandemic issues, and a constricting monetary policy.
Read More »Increase in Purchase Apps Offsets Decline in Refis
Mortgage application volume held steady week-over-week according to a new report, as a slight drop in refis was countered by a rise in home purchases.
Read More »What Are the Most Cost-Effective Days to Buy a Home?
According to an analysis of historical home sales, ATTOM finds the best and worst days of the year to buy a home.
Read More »Housing Affordability Shows Improvement in August
Year-over-year, affordability declined in August, but progress was seen month-over-month, with median family income on the rise.
Read More »NAHB Urges Biden to Address Home Construction Bottlenecks
In a letter to the White House, NAHB Chairman Fowke outlined three major areas of concern for home builders that may negatively impact the overall U.S. economic landscape.
Read More »Expanding Affordable Housing Access Through $3.5T Measure
Thirty members of the House Financial Services Committee have written a letter to President Biden, House Speaker Pelosi, and Senate Majority Leader Schumer to pass housing provisions in the Build Back Better Act.
Read More »The Week Ahead: Allocating Homeowner Assistance Funds
A panel of policymakers and housing industry experts will host a virtual forum on the challenges, roadblocks, and solutions to deploying federal Homeowner Assistance Funds.
Read More »Mortgage Rates Dip Slightly Below the 3% Mark
While rates continue to hover at record lows, a rise in economic and financial market uncertainties, competition remains high for tight inventory as affordability issues linger.
Read More »Interfirst Adds Tony Santangelo as East Coast VP of Wholesale
With 34 years of industry experience, Interfirst’s new VP of Regional Wholesale Production will be tasked with growing the firm’s national footprint.
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