A recent House Financial Services Committee hearing discussed the benefits of the $150 billion Build Back Better Act, and the measure’s efforts to expand housing for all nationwide.
Read More »Rising Rates Make Homeownership Unaffordable in Most of U.S.
ATTOM has released its Q2 2022 U.S. Home Affordability Report, showing that median-priced single-family homes and condos are less affordable in Q2 of 2022 compared to historical averages ...
Read More »Housing Inventory: One Step Forward, Two Steps Back
The first numbers from June are in, and Realtor.com found inventory to be up over 18% since May but still down year-over-year.
Read More »After Three-Week Ascent, Mortgage Rates Slip
Following a near-month-long 72-basis point rise, fixed-rate mortgages turned downward this week, signaling a potential reset in the housing market.
Read More »First Guaranty Mortgage Files for Chapter 11
Necessitated by significant operating losses and cash flow challenges due to mortgage market volatility, FGMC has filed for bankruptcy protection.
Read More »Affordability Plummets in All Regions
Real house prices increased 45.6% between April 2021 and 2022, while consumer house-buying power, decreased 8.75% between March 2022 and April 2022.
Read More »Refi Apps Tumble 80% YoY
As fixed-rate mortgages crawl to the 6%-mark, mortgage application volume did rise slightly for the third consecutive week, but refinance volume trended in the opposite direction, falling 80% year-over-year.
Read More »Mortgage Lenders Adapt to Reality of Market
New data from the STRATMOR Group Technology Insight Study on Digital Innovations reveals that adoption and engagement numbers are low, amid an unstable market and rising rates.
Read More »Trend to Watch: PropTech
At the crossroads of FinTech and real estate, PropTech aims to increase efficiency and save originators money.
Read More »ARMs Offer Largest Savings Since 2015
As mortgage rates surge at their fastest pace in decades, a new Redfin study revealed that homebuyers could save more than $15k over five years by taking out an adjustable-rate mortgage rather than a typical 30-year fixed-rate mortgage.
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