The MBA reports a continued rise in borrower demand, as mortgage application volume rose for the third consecutive week, led by gains in both purchase and refi activity.
Read More »Appraisal Turn Times Show Improvement in 2022
A new study by Reggora has found that over the last 12 months, the time to process an appraisal has dropped steadily as volume has become more manageable per appraiser.
Read More »Q4 2022 Report Examines Mortgage Market Opportunities
As mortgage volume continues to decline, Sales Boomerang’s latest Q4 2022 Mortgage Market Opportunities Report highlights areas of opportunity still available for loan originators.
Read More »Mortgage Rates Continue to Tumble
For the second consecutive week, mortgage rates have dipped, providing a much-needed boost to the housing marketplace and sparking a rise in overall mortgage app volume.
Read More »Number of House Hunters on the Rise
New Redfin data reveals that Google searches for “homes for sale” were up nearly 50% from their November low during the week ending January 7. Here’s what else the data reveals about the state of the housing market.
Read More »Dip in Rates Drives Refi Volume Upward
The 2023 mortgage market began on a positive note, as Freddie Mac reported a week-over-week slide in mortgage rates leading to an uptick in refinance apps.
Read More »Year Kicks Off With Slight Rise in Refi Apps
The MBA reports that, despite rates still in the 6% range, refinance apps increased 5% over the previous week—but are still 86% lower year-over-year.
Read More »Pending Sales Drop to Levels Last Seen in 2015
Redfin reports that 2023 has begun with homes selling for nearly the same price as a year earlier, with nationwide prices up just 0.5% year-over-year.
Read More »Putting 2022’s Housing Market Trends Under the Microscope
The wild ride known as the U.S. housing market slowed dramatically in the fall of 2022, as mortgage rates surged and home prices remained high.
Read More »Year Begins With Mortgage Rates on the Upswing
Freddie Mac reports that 2023 has begun with a second consecutive week of mortgage rate hikes, with app activity sinking to a quarter-century low as high rates continue to weaken the housing market.
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