“This upward trend is being driven by a resilient economy, persistent inflation, and a more hawkish tone from the Federal Reserve,” said Freddie Mac Chief Economist Sam Khater.
Read More »Purchase Apps Fall for First Time in a Month
As the fixed-rate mortgage edges closer to 7% and still over a percentage point higher year-over-year, the MBA reports that overall mortgage application volume fell to its lowest level in a month.
Read More »Embracing E-Mortgages
On the road to adopting an all-digital mortgage process, the Five Star Institute and DocMagic will present an upcoming webinar discussing the hurdles that must be overcome, and how to balance the human touch in an electronic landscape.
Read More »Surging Rates Fuel Increase in Adjustable-Rate Mortgage Activity
Among mortgage originations exceeding $1 million in April 2023, adjustable-rate mortgages comprised nearly 50% of the dollar volume, representing a six percentage-point increase from a year earlier.
Read More »Fleeing the West to Flock to the East
A new study from Veros has found that markets in the Western U.S., once popular destinations, are displaying signs of weakness, with regions in the Midwest and Eastern part of the nation emerging as targets for buyers seeking affordability and economic stability.
Read More »Serving the Underserved
Fannie Mae’s recap of its Environmental, Social, and Governance efforts in 2022 details how the GSE acquired mortgages supporting 1.2 million single-family home purchases nationwide, nearly half of which were for first-time homebuyers.
Read More »Service Members Increasingly Eager to Purchase Homes
Veterans United takes a closer look at how U.S. veterans feel about purchasing a house in the near future, and how eager they are to jump into the current marketplace.
Read More »Are Credit Scores Too Important to Lenders?
Many Americans, discouraged by traditional creditworthiness assessment tools, are giving up on their homeownership dreams, according to a new report from FormFree.
Read More »What Is Causing So Many Homebuyers to Lose Sleep?
Analysts from LendingTree explain that ‘unfriendly’ market conditions and their effects on home shoppers’ psyches are causing many a sleepless night for prospective buyers nationwide.
Read More »Most 2022 Mortgages Were Originated by Independent Institutions
The share of mortgages originated by non-depository, independent mortgage companies decreased in 2022—but still accounted for 60.2% of first-lien, one- to four-family, site-built, owner-occupied home-purchase loans (down from 63.9% in 2021).
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