As mortgage rates creep toward the 7%-mark, buyers still in the market are being forced to downgrade their options for a larger home, cutting more than 400-square feet out of the homes on the market.
Read More »The Week Ahead: Examining the Pandemic’s Impact on Elderly Homeowners
An upcoming Harvard Joint Center for Housing Studies webinar will feature a panel of experts shedding light on how to improve housing and support for older adults in a post-COVID world.
Read More »Mortgage Rates Inch Closer to 7% Mark
The last time mortgage rates hovered near the 7% range was two decades ago, as continued Fed actions to ease inflation have forced the fixed-rate mortgage to 20-year highs.
Read More »Pace of Refis Falls to 22-Year Low
Continued inflationary burdens, and mortgage rates hitting 14-year highs have driven down mortgage applications this week, as the Fed continues to raise rates to combat a volatile economy.
Read More »Cost of Homeownership Growing ‘Prohibitively High’
While home price gains have slowed nationwide, actions by the Federal Reserve to curb inflation continue to make mortgage financing more expensive, according to the latest S&P Dow Jones Indices.
Read More »HUD Issues 19,000-Plus Housing Vouchers
Marking the most expansive allocation of flexible rental assistance in nearly 20 years, HUD Secretary Marcia L. Fudge has delivered more than 19,000 new Housing Choice Vouchers nationwide.
Read More »New Home Purchase Apps Rebound in August
The MBA reports that new home purchase applications were down year-over-year in August but made a comeback after four consecutive months of declines.
Read More »Mortgage Rates Climb to New 14-Year Highs
As the Federal Reserve issues another rate hike to tame high-riding inflation, Freddie Mac reported the fixed-rate mortgage climbed 27-basis points over last week, rising to levels last seen in 2008.
Read More »Mortgage App Volume Ends Six-Week Skid
For the first time in more than 45 days, mortgage application volume turned upward, as the MBA reported overall app volume rose nearly 4% week-over week, ahead of yet another rate hike by the Fed.
Read More »Five Star Conference Launches With Focus on REO Market
The annual Five Star Conference gathers mortgage servicing industry executives with government representatives, attorneys, service providers, and others. Sunday’s lineup included programming aimed at the agent membership of Five Star’s Federation of REO Certified Experts (FORCE).
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