As the fixed-rate mortgage slips another week, the MBA reports that mortgage apps have risen week-over-week amid news of the Fed’s latest action to correct the nation’s inflationary concerns.
Read More »FOMC Hikes Rates for Seventh Time in 2022
This latest action by the Federal Reserve to raise rates is intended to remove money from the economy, reduce demand, and drive prices lower as inflation nears a 40-year high.
Read More »HUD Celebrates House America Program Success in Seattle
The Department recognizes federal, city, and county partners in the House America addressing homelessness and the affordable housing in the Emerald City.
Read More »Survey: More Considering Tapping Into Home Equity in 2023
Year-over-year, a new poll has found that more U.S. homeowners are likely to take out a HELOC in the next 12 months.
Read More »Older Homeowners Plan to Stay Put
Most Americans over the age of 45 who already have a house do not intend to sell, a factor that will continue to exacerbate nationwide home inventory shortages.
Read More »Top 10 Cities for Americans Seeking Their First Home
As the share of first-time buyers rebounds to pre-pandemic levels, Zillow analysts have determined the metros with the most favorable purchasing conditions.
Read More »Home Prices Rapidly Cooling in Former Booming Markets
Redfin has found that U.S. regions where home prices spiked due to influx from out-of-town migration are now seeing prices rapidly sliding.
Read More »Mortgage Rates Continue Largest Decline Since 2008
Mortgage rates fell for the fourth consecutive week, and with lingering concerns over less-than-stellar economic growth, overall homebuyer sentiment continues to lag.
Read More »Mortgage Credit Availability on the Rise in November
For the first time in nine months, the MBA reports that mortgage credit availability increased in November, driven by a spike in the interest of ARM loans amid a declining rate environment.
Read More »Homebuyer Optimism Up, Yet Sits Historically Low
Despite a minuscule rise in home-purchase sentiment for the month of November, Fannie Mae’s survey finds near-record pessimism and predicts slow sales heading into 2023.
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