While buyers contend with mortgage rates edging toward the 8% mark, Redfin reports that an increasing number of the nation’s home sellers are reducing their asking prices. Read the full data here.

A drop of just three basis points in the 30-year fixed rate mortgage provided little relief to prospective buyers, as ambiguity around monetary policy will likely continue to stall improvements in the housing market through the end of the year.

The FHA has removed a valuation roadblock to increase the availability and affordability of manufactured housing as part of the Biden Administration’s Housing Supply Action Plan. Here’s how that could impact the industry.

Despite the fixed-rate mortgage dipping slightly over last week, rates still linger nearly 30 basis points higher than they were a month ago. The MBA reports purchase apps have dropped to their lowest levels since 1995, and refi apps to points last found in January 2023.

Current CEO of Fair Oaks Foods is named to the Board of MGIC to share his expertise in risk management with the company.

The FHA has released comprehensive guidance for the Home Equity Conversion Mortgage program to enhance delivery for seniors choosing to age in place in their own homes.

Just weeks after being named Vice Chairman of Wells Fargo, Thomas Nides has decided to leave his post, with the former U.S. Ambassador to Israel instead turning his attention to recent events in the Middle East.

In a response to the lack of housing available to the nation’s homebuyers, the Biden Administration has issued guidance on new solutions to expand housing inventory affordability. Click through to find out what the government plans to do to support this initiative.

The Federal Financial Institutions Examination Council’s Appraisal Subcommittee will host a panel of federal officials discussing residential appraisal review, and how to better understand the challenges and potential solutions related to appraisal bias.

As we head into Halloween, mortgage rates continue to edge closer to the 8% mark, resulting in the longest consecutive rate rise reported since the Spring of 2022. Click through to see what else buyers may fear as we enter the final months of 2023.