“Both fiscal and monetary policies have contributed to the much higher level of mortgage rates in 2023,” said Mike Fratantoni, Chief Economist and SVP for Research and Industry Technology for the MBA.
Read More »Home Prices Remained Resilient Through Q3, But Will That Change?
According to a new report from Fannie Mae, a deceleration in home prices is likely in 2024, with economic growth projected to slow.
Read More »Mortgage Tech Vet Stephanie Durflinger Joins Dark Matter Technologies
Former ICE, Sagent, and Ellie Mae executive joins mortgage tech provider to spearhead product development of the company’s Empower software and digital products.
Read More »FHA Amends Policy on Accessory Dwelling Units
The new ADU policy will expand financing options for borrowers to bolster the supply of affordable housing and assist families in creating generational wealth.
Read More »HUD Awards $60 Million to Address Youth Homelessness Nationwide
The Department issues federal funds to support efforts community-driven efforts nationwide to end youth homelessness, and improve outcomes through secure, stable, and supportive housing.
Read More »Examining U.S. Migration: Where Are People Moving To?
As relocation patterns continue to shift nationwide, the Mountain West region has emerged as a hot spot for homebuyers, according to a new study from StorageCafe, with Idaho topping the list with the highest net migration rate in the nation.
Read More »The Bank of Mom and Dad Growing in Popularity for Down Payments
Saving for a standard 20% down payment can take years, but many homebuyers today are turning to family members to expedite the process.
Read More »Mortgage Rates Rise for Fifth Consecutive Week
Freddie Mac reports the 30-year fixed-rate mortgage rose to an average of 7.57% this week, as purchase demand remains at a three-decade low.
Read More »Homebuyers Backing Off Despite Increase in New Listings
According to a new Redfin report, new listings have ticked up, but near-8% mortgage rates are causing many potential homebuyers to retreat, as purchase applications remain near their lowest level in nearly 30 years.
Read More »Former Federal Home Loan Bank of Chicago Exec Launches National Correspondent Lender
Bringing 30 years of industry experience to his new role, Stephen Thomas has launched minority-owned, national correspondent lender FutureWave Finance to expand homeownership nationwide.
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