Origination

An analysis of U.S. Census Bureau data has found that the average square footage of a house in America is at its lowest point since 2010. 

The Black Knight Home Price Index hit another all-time high in July, with the annual rate of growth jumping to +2.3% from a revised +0.9% in June

After the fixed-rate mortgage hit levels recorded 21 years ago, Freddie Mac reported a five-basis point week-over-week slip in rates, and despite continued high rates, the nation’s short supply is keeping house prices steady.

A new mortgage report from ATTOM revealed U.S. lenders issued approximately $494 billion worth of residential mortgages in Q2 of 2023, while total activity rose after eight straight quarterly declines to 21%.

Direct mortgage lender adds former Chief of Retail Production at Guaranteed Rate to serve as its new Chief Production Officer.

Following a growing trend of cyberattacks in 2022, MLS services remain vulnerable, according to CoreLogic experts, who suggest the urgent need for comprehensive security measures in the real estate and mortgage industries to help prepare for and prevent security breaches.

“When remote work is coupled with the reported rise in the importance of affordability, it's not surprising that respondents expressed a greater willingness to live farther from their current location,” noted a Fannie Mae report. “Of course, renters indicated the greatest affordability concerns, as well as a willingness to consider areas farther away from their current location.”

Despite fixed-rate mortgages moving upward to levels last recorded in December 2000, the MBA reports both purchase and refi apps rose week-over-week, the first such increase in over a month.

Five Texas metros topped the top 10 list of best places to purchase a home, according to a new study from WalletHub, which examined the strongest local real-estate markets throughout the U.S.

As the average 30-year fixed mortgage rate nears 8%, new commentary from First American Chief Economist Mark Fleming details the predictions of where mortgage rates will end up throughout the remainder of the year.