A week after bottoming out to a four-month-low, mortgage rates jumped back upward this week, climbing to 5.22% despite continued correction in the housing space.
Read More »Share of Homes Listed More Than 30 Days Increases
The share of U.S. homes that were listed for 30 days or longer without going under contract increased 12.5% in July from a year earlier, according to a ...
Read More »Fixer-Uppers Offer Path to Homeownership
Buying a fixer-upper remains a viable option for many buyers trying to stretch their dollar in the current environment of still-rising home prices, bidding wars, low inventory and ...
Read More »Overcoming Affordability Issues With DPA Programs
With a segment of home buyers still on the outside looking in, Richard Ferguson of CBC Mortgage Agency discusses downpayment assistance programs, and how this option can benefit buyers in today’s market.
Read More »Drop in Rates Brings Slight Rise in App Volume
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 New Hiring Landscape
Dave Robertson of Guild Mortgage discusses hiring, retention, and how mortgage companies must work to set themselves apart in order to attract the talent they need.
Read More »Credit Availability at Lowest Level Since 2013
“Credit availability fell last month to the lowest level since May 2013, as lenders streamlined their loan offerings in this declining volume environment,” said Joel Kan, MBA’s Associate VP of Economic and Industry Forecasting.
Read More »Maxine Waters Welcomes Comments on CRA
The Chairman of the House Financial Services Committee encourages federal regulators to carefully consider public comments and purposed changes to the Community Reinvestment Act in an open letter.
Read More »Housing Inventory Climbs for Third Consecutive Month
Realtor.com reports that the inventory of for-sale homes increased across the 50 largest metros by 41% in July.
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.
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