The Mortgage Bankers Association (MBA) has launched a new affordability index aiming to measure how new mortgage payments vary across time relative to their income. The new monthly ...
Read More »Home Price Gains Outpace Median Income in Major Cities
Zillow found that over the course of 2021, the gains most homeowners realized amounted to much more than the median income for the associated areas.
Read More »Panorama Mortgage Group Names New CFO
Panorama Mortgage Group (PMG), a multi-brand national mortgage company headquartered in Nevada, announced today that Ryan Rathert has joined the firm as Chief Financial Officer effective immediately. In ...
Read More »New Home Purchases Decrease in February
According to the Mortgage Bankers Association's Builder Application Survey (BAS), data for February 2022 shows mortgage applications for new home purchases decreased by 1%, but on a year-over-year basis applications are ...
Read More »Fannie Mae Predicts Eight Rate Changes Before 2024
A slowing economy, decades-high inflation, expired fiscal stimulus, tightening monetary policy, and now Russia's invasion of Ukraine are all weighing on the health of the U.S. economy.
Read More »Existing Home Sales Drop in February
Continuing a pattern of recent rises and declines over the last few months, existing home sales dropped in February 2022 according to the Existing Home Sales Report from ...
Read More »New Residential Construction Statistics for February 2022 Are In
The U.S. Census Bureau and the U.S. Department of Housing and Urban Development have released their new residential construction statistics for February 2022, which found that privately‐owned housing starts ...
Read More »Fed Raises Rates for First Time in Four Years
It has been 732 days since the Federal Reserve Open Market Committee (FOMC) cut interest rates in an emergency meeting in light of the then-blossoming COVID-19 pandemic. But all ...
Read More »The Hidden Costs of Mortgage Payments and Affordability
While each homeowner’s total cost is different, of course, examining broad categories of homeowners and analyzing their costs, can provide insights into the drivers of housing affordability. Here’s what a new study by Fannie Mae reveals.
Read More »Natural Disasters’ Effects on the Rental Market
Renters are at particular risk of natural disasters, especially those in manufactured homes, and may have few options to turn to after a significant event.
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