A four-month high in mortgage rates has led to a steady decline in overall mortgage application volume, as the MBA reports purchase applications falling to levels last seen in 1995.
Read More »Existing-Home Sales Fall for 12th Straight Month
Existing-home sales have declined 0.7% month-over-month from December 2022, and 36.9% year-over-year, as the median existing-home sales price rose 1.3% from one year ago to $359,000.
Read More »Purchase Apps Fall Nearly 40% YoY
After five consecutive weeks of decreases, a slight uptick in mortgage rates forced mortgage app volume to fall nearly 8% week-over-week.
Read More »Jay Farner to Step Down as CEO of Rocket Companies
After 27 years with the company, Jay Farner announces his retirement, to be replaced by Bill Emerson as CEO on an interim basis.
Read More »Through Booms & Busts: Part II
With the tech sector downsizing and the housing market navigating economic turmoil, a panel of experts weighs in on the current state of the digital revolution, and what lies ahead for this key component to the homebuying process in the second part of this two-part series.
Read More »Mortgage Tech: Through Booms & Busts: Part I
With the tech sector downsizing and the housing market navigating economic turmoil, a panel of experts weighs in on the current state of the digital revolution, and what lies ahead for this key component to the homebuying process. (Part one of two.)
Read More »Essent Acquires Agents National Title and Boston National Holdings
MI provider adds title insurance and settlement services to its business operations in new deal.
Read More »Purchase, Refi Apps Both Show Gains
A consistent decline in mortgage rates has attracted the attention of buyers and those seeking refis, as the MBA reports a rise in mortgage apps in excess of 7% week-over-week.
Read More »Carrington Promotes the Loan Assumption Process
In a volatile mortgage rate environment, Carrington is offering assumable mortgages as another loan option in today’s real estate market.
Read More »Andrew Hubacker Named UWM’s CFO
UWM promotes 25-plus-year experienced accounting/finance professional to CFO role after time spent at AOL and the SEC.
Read More »