The MBA reports July purchase mortgage applications for new homes dipped 16.1% year-over-year, as high prices and economic instability continue to force the nation’s home buyers to reconsider their options.
Read More »Renters Feel the Squeeze of a Tightening Housing Market
A new study from Freddie Mac found that nearly 60% of renters saw their rent increase over the past 12 months, with just 38% of those polled seeing an increase in their wages to offset this hike.
Read More »Inconsistent Mortgage Rates Dip Once Again
Following the up-and-down pattern of the 10-year Treasury, mortgage rates fell to 5.13% this week according to Freddie Mac, a week after shooting up to well above the 5% mark.
Read More »Mortgage App Activity Bottoms Out to 22-Year Low
As mortgage rates jumped back well above the 5%-mark last week, the MBA reports overall mortgage app volume falling 2.3% week-over-week, crashing to lows last seen more than two decades ago.
Read More »Housing Starts Slip Amid Economic Headwinds
Housing starts fell further than anticipated in July, as multi-family becomes a bright spot with builders adapting to a growing rental market.
Read More »Seizing Homeownership Opportunities
While several factors have played into affordability issues for many in attaining homeownership, Adam Mercado of ClearPath Lending stresses that timing and patience are key for this segment in today’s housing finance landscape.
Read More »Habitat for Humanity and the VA Partner to Increase Veteran Homeownership
New partnership geared toward expanding homeownership opportunities among the nation’s veterans will partially subsidize homeownership expenses and cost-burdens for up to 10 or 15 years for qualified candidates.
Read More »Fairway Independent Mortgage Adds Three Execs
The addition of Scott Bristol, Brian Chick, and John Lowe continues the mortgage lender’s aggressive nationwide originator expansion.
Read More »After Hitting 120-Day Low, Mortgage Rates Rise Once Again
A week after bottoming out to a four-month-low, mortgage rates jumped back upward this week, climbing to 5.22% despite continued correction in the housing space.
Read More »Overcoming Affordability Issues With DPA Programs
With a segment of home buyers still on the outside looking in, Richard Ferguson of CBC Mortgage Agency discusses downpayment assistance programs, and how this option can benefit buyers in today’s market.
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