Despite a four-month low reported in mortgage rates, overall application volume rose just 0.2% week-over-week, with a decline in purchase activity offset by an increase in refis.
Read More »The Home Affordability Game: An Exercise in Patience
With the affordability issue lingering for most prospective buyers, Louis Zitting of MonitorBase discusses remedies to overcome some of the hurdles thrown in the path to homeownership.
Read More »Congress Requests GAO Review of Senior Homelessness
In a letter to the Government Accountability Office, Rep. Maxine Waters, Chair of the House Financial Services Committee, is seeking a review of the risks seniors face regarding housing insecurity, and the programs in place to prevent homelessness.
Read More »The Week Ahead: Plotting Equitable Pathways to Homeownership
From government hearings to ideas presented by industry experts, many these days in the age of affordability concerns, are weighing in on the topic of affordable housing. On ...
Read More »Mortgage Rates Fall to Four-Month Low
A market reset may be underway, as fixed-rate mortgages fell just below 5% for the first time since April 7, continuing a trend of instability amid inflationary pressures and a slowdown in economic growth.
Read More »One-Third of Declined Mortgage Applicants Eligible for DPA Programs
A recent analysis of HMDA data found that 33% of declined mortgage applications could have been made eligible with the assistance of downpayment assistance programs.
Read More »Mortgage Apps End Four-Week Slide
The MBA reported mortgage application volume rose 1.2% this week, reversing course after the Fed rate hike announcement, and rising after a month-long decline.
Read More »Consumer Credit Trends & Monthly Mortgage Payments
A new Zillow study of consumer credit shows that buyers with "Fair" credit could be paying nearly $300 more on their monthly mortgage payment than those with "Excellent" credit scores.
Read More »Sensitive Mortgage Rate Environment Drives Up Home Searches
Since mortgage rates fell from their June highs, Redfin reports online real estate searches and home tours have ticked up and/or stabilized.
Read More »Mortgage Rates Fall Ahead of Fed Rate Hike
In anticipation of another rate hike by the Federal Reserve, mortgage rates retreated downward this week, as purchase demand continued to fall, as the prospect of a recession continues to loom.
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