Continued housing demand and a lack of existing inventory are just two of the forces that make construction-to-permanent loans an ideal opportunity to make up for lost volume in today’s marketplace.
Read More »Mortgage Rates Continue to Climb, Edge Closer to 7% Mark
Freddie Mac Chief Economist Sam Khater points out that "upward pressure on rates is the product of a resilient economy with low unemployment and strong wage growth, which historically has kept purchase demand solid.”
Read More »Mortgage App Volume Falls for Third Consecutive Week
With mortgage rates surpassing the 7% mark, the MBA reports yet another dip in weekly purchase and refi apps as homebuyers struggle in the face of a depleted housing supply and elevated mortgage rates.
Read More »‘Bad Time to Buy’: Fannie Mae Reports on Home Purchase Sentiment
For a litany of reasons—including rising prices and inflation—most consumers surveyed believe that now is not a good time to purchase a home.
Read More »Harvard Perspectives: Addressing 2023 Housing Challenges, Disparities
Researchers from Harvard University's Joint Center for Housing Studies point out that lawmakers and regulators proved during the pandemic that policy-based housing solutions are possible in a time of crisis.
Read More »Government Credit Rating Downgrade Forces Uptick in Mortgage Rates
On the heels of Fitch Ratings downgrading the GSEs’ senior unsecured debt ratings to 'AA+' from 'AAA,’ Freddie Mac reports the fixed-rate mortgage climbed nine basis points week-over-week, inching closer to the 7%-mark.
Read More »Boosting the Affordable Housing Supply in Rural America
The bipartisan Neighborhood Homes Investment Act seeks private investments in rural communities to construct affordable homes, and revitalize 500,000 homes for middle- and low-income families.
Read More »Online Searches for ‘HELOC’ Hit Record High
Homeowners are feeling the pinch as searches for Home Equity Line of Credit (HELOC) hit their highest point in U.S. internet history
Read More »HUD Helps Clear the Pathway to Homeownership
The Department has announced two new initiatives geared toward building new housing units, and providing tools for preserving and improving affordable housing nationwide.
Read More »Industry Insights: Breaking Down the Fed’s Shift on Recessionary Forecast
Continuing our coverage on the Fed’s announcement of a 25-basis point rate hike at the end of their two-day July meeting, more commentary has come through focusing specifically on the real estate market, including sales, defaults, and home prices.
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