As mortgage rates rose for the 10th straight week, hitting a 21-year high, housing demand continues to tail off, with the MBA reporting overall app volume falling nearly 2% week-over-week.
Read More »Home Prices Continue to Decelerate Nationwide
The S&P CoreLogic Case-Shiller National Home Price NSA Index for August 2022 reported home price gains continued to slip, as inflation hit a four-decade high, resulting in less money in the pockets of Americans and diminished budgets.
Read More »Freedom Mortgage Promotes Mike Mell to SVP of Wholesale
Twenty-seven-year veteran promoted to new role, managing a national sales team of regional sales managers and account executives nationwide.
Read More »Wait and See: More Home Sellers Forced to Sit Tight
With home sales on the decline and mortgage application volume falling to a 25-year low, Redfin reports sellers’ time on market has doubled from the spring as buyers wait for both prices and rates to come down.
Read More »Mortgage Rates Creep Toward 7% Mark
Mortgage rates continue to force down application volume, with Freddie Mac reporting rates moving slightly upward yet again this week, adversely impacting the housing market as demand dwindles.
Read More »Share of ARM Loans Climbs to 14-Year High Mark
As overall mortgage rates edge closer to 7%, mortgage app volume experienced their fourth consecutive month of declines, with an uptick in ARM loans demonstrating that they remain a feasible option for borrowers seeking ways to reduce their monthly payments.
Read More »Residential Construction Falls 8.1% Month-Over-Month
Single-family starts in 2022 are projected to hit an 11-year low, as builder confidence falls to its lowest level in more than a decade.
Read More »Inlanta’s Paul Buege: “Keep an Eye on the Future”
Inlanta Mortgage President and CEO Paul Buege discusses navigating the current down cycle and where the housing market is headed.
Read More »Rates Draining Homebuyer Purchasing Power
Continued economic instability and inflationary concerns forced more potential homebuyers to pull back from the market in September, as the MBA reported builder applications fell by 7% over August 2022’s data.
Read More »Mortgage Rates Deter an Increasing Number of Homebuyers
Redfin reports that housing market activity is plunging further this fall than it did over the summer, with increased concern over 20-year high mortgage rates compounded by a volatile U.S. economy.
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