Daily Dose

Paramount Residential Mortgage Group has announced that Aimee Eller, a mortgage banking expert with more than 25 years of industry experience, has joined PRMG’s executive senior leadership team.

As nearly 18 million owner-occupied homes throughout the U.S. are now housing-cost-burdened, a new study from LendingTree revealed the share of households headed by single mothers are much more likely to overspend on housing costs than others.

A new study from ATTOM showed home sellers saw a near 13% premium in May, with the annual analysis revealing the best months and days to sell a home in the U.S.

Home prices rose in March according to the latest Black Knight Home Price Index, driven by a modest bump in demand and further depletion in for-sale inventory levels.

For the tenth time, the Federal Reserve raised the nominal interest rate—this time by 25 basis points. Click through for comments from the Fed and other industry leaders.

Elevated rates continue to both impact homebuyer affordability and weaken demand for refinancing, as the MBA reports overall app volume fell 1.2% week-over-week.

A total of 10 states saw annual home price growth decline from one year ago, most of them in the West.

While monthly payments on many for-sale homes remain higher than they would’ve been a year ago, home prices are falling fastest in pandemic boomtowns like Austin and expensive coastal markets like Seattle and San Francisco.

Due to persistently high home prices, new homebuyers may shell out costly amounts for their mortgage payments, as a new study from LendingTree reveals that the average nationwide payment on a new mortgage has reached $2,317 a month.

“The increase in down payment assistance for several consecutive quarters represents growing opportunities for homebuyers that have been traditionally underserved,” said DPR Founder and CEO Rob Chrane.