Freddie Mac reports that mortgage rates climbed back upward to 5.51% this week, just one week after a sharp drop and paced by “runaway” inflation.
Read More »Softening Demand to Present New Buying Opportunities in the Weeks Ahead
Realtor.com reports that home price growth is expected to ease in the weeks ahead, pointing toward a rebalancing of market conditions.
Read More »Despite Mortgage Rate Dropoff, Refis ‘Expected to Remain Depressed’
Mortgage application volume fell slightly week-over-week, even as rates fell sharply amid fears of a worsening economic outlook.
Read More »Bay Area Housing Market Cooling the Quickest
Redfin reports that San Jose, Oakland, and San Francisco are among the fastest-cooling housing markets nationwide, as mortgage rates remain above 5%, pricing many potential buyers out of the market.
Read More »Mortgage Tech Update: Part II
Hybrid work-from-home models and consumer demand for slick apps and digital self-service have turned the way the industry does business upside down. MReport assembled a panel of experts to discuss how the mortgage sector is working to keep up with both homebuyer and internal team demands in the second part of this two-part series.
Read More »Rent Growth Eases in June
Asking rents may have risen 14% YoY in June, but Redfin reports a slowdown in rent growth as landlords respond to a tightening in tenant budgets spurred by inflationary concerns.
Read More »Despite Continued Demand, Lack of Home Supply Hampering Sales
A new NAR survey found that 57% of agents reported a lack of inventory as a critical factor in their potential clients from making a purchase.
Read More »Higher Rates Impacting the Overall Mortgage Credit Landscape
Mortgage credit availability fell slightly in June, according to the MBA, as mortgage rates reacted to the Fed’s actions in raising the nominal interest rate to curb inflation.
Read More »Mortgage Tech Update: Part I
Hybrid work-from-home models and consumer demand for slick apps and digital self-service have turned the way the industry does business upside down. MReport assembled a panel of experts to discuss how the mortgage sector is working to keep up with both homebuyer and internal team demands in this two-part series.
Read More »For Home Sales, It’s Deal or No Deal at All
A new analysis by Redfin found that home sales are being canceled at the highest rate recorded since the onset of the pandemic.
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