As part of the Biden Administration’s strategy to counter antisemitism, HUD’s Office of Fair Housing and Equal Opportunity has joined seven other federal agencies to issue fact sheets on Title VI protections.
Read More »Mortgage App Payments Rose in August Despite Decline in Homebuyer Affordability
Mortgage application payments increased slightly in August to $2,170, according to MBA's Purchase Applications Payment Index, while overall homebuyer affordability declined, as homebuyers’ budgets continue to be impacted by high home prices and mortgage rates above 7%.
Read More »Black, Hispanic Homebuyers Continue to Experience Discrimination During Homebuying Process
According to a new Redfin survey, discrimination drove roughly 1 in 10 Black, Hispanic, and LGBTQ+ respondents away from their previous residences. In addition, some 32% of Black and Hispanic respondents reported facing discrimination during their recent home search, while 22% of LGBTQ+ respondents reported feeling the same.
Read More »Mortgage Rates Climb to 23-Year High Point
Freddie Mac reports that mortgage rates reached levels last seen in December 2000, as the 30-year fixed-rate mortgage rose 12 basis points week-over-week and low supply continues to create affordability challenges for prospective buyers.
Read More »CFPB: Rate Environment Dictated the Mortgage Market in 2022
In its annual report on residential mortgage lending activity and trends, the Bureau found that mortgage lending fell in 2022 amid a significant rise in interest rates and discount points.
Read More »Senior Home Equity Rose to $12.7 Trillion in Q2
According to NRMLA, senior home equity rebounded in the second quarter of 2023, as housing wealth for U.S. homeowners aged 62 years and older rose by $820 billion in Q2.
Read More »Fannie Mae Launches New Resources to Further Advance Latino Homeownership
Fannie Mae announced the unveiling of HomeView en Español, a new resource available to help Latino communities and further address the homeownership gap in America.
Read More »Examining U.S. Towns With the Highest Home Values
According to a new LendingTree study, the nation’s most expensive towns are often found in popular vacation spots; however, such homebuyers may further deplete the already limited housing supply, driving up home prices and making housing difficult to afford for locals.
Read More »What a Government Shutdown Could Mean for the Real Estate Economy
In a new report, the National Association of Realtors revealed what a government shutdown would mean for the real estate industry, including the closing of some federal housing, mortgage, and other programs nationwide.
Read More »Purchase Mortgage Apps Down 27% YoY
As mortgage rates advanced upward to levels last seen 20 years ago, the MBA reports overall application volume slipping yet again after a quick one-week rebound.
Read More »