A recent House Financial Services Committee hearing featured testimony from a number of housing experts who weighed in on the topic housing supply shortfalls and offered possible solutions.
Read More »Southern U.S. Less Vulnerable to Q3 Housing Market Declines
ATTOM data has found that Mid-Atlantic states, California, and Illinois were more vulnerable to housing market declines in the third quarter.
Read More »Inlanta Mortgage Acquired by Guild Mortgage
San Diego-based lender increases its market share in the Midwest by agreeing to acquire Wisconsin-based Inlanta Mortgage, a lender currently operating in 27 states.
Read More »Mortgage Rates Fall for Third Consecutive Week
Riding the hopes that the Federal Reserve will slow its pace of rate hikes, Freddie Mac reported that the 30-year, fixed-rate mortgage fell yet again, as house prices soften with 2022 coming to a close.
Read More »FHA Raises 2023 Loan Limits in Response to Home Prices
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 »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.
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