According to Redfin's latest market analysis, some 44.6% of home offers written by Redfin agents nationwide faced competition on a seasonally adjusted basis in August, the lowest bidding-war ...
Read More »CFPB Explores Ways to Shape Future Policy Initiatives
The Consumer Financial Protection Bureau (CFPB) is asking for public input on ways to spur new mortgage products that help households. The CFPB seeks insights on ways to ...
Read More »Homebuyer Affordability Inches Upward in August
Homebuyer affordability improved for the third consecutive month in August, with the national median payment applied for by applicants decreasing to $1,839 from $1,844 in July. This is ...
Read More »Mortgage Rates Climb to New 14-Year Highs
As the Federal Reserve issues another rate hike to tame high-riding inflation, Freddie Mac reported the fixed-rate mortgage climbed 27-basis points over last week, rising to levels last seen in 2008.
Read More »CFPB Annual Report Reveals Significant Increase in Home Purchase Loans
The Consumer Financial Protection Bureau (CFPB) has released its annual report on residential mortgage lending activity and trends for 2021. The report’s data are submitted by thousands of ...
Read More »Existing-Home Sales Slip for Seventh Consecutive Month
Existing-home sales experienced another slight dip in August, marking the seventh consecutive month of declines, according to the National Association of REALTORS. New data also found that month-over-month ...
Read More »Mortgage App Volume Ends Six-Week Skid
For the first time in more than 45 days, mortgage application volume turned upward, as the MBA reported overall app volume rose nearly 4% week-over week, ahead of yet another rate hike by the Fed.
Read More »Fed Raises Interest Rates by 75 Points
For the third time in a row, the Federal Reserve’s Federal Open Market Committee (FOMC) raised the nominal interest rate by 75-basis points at the conclusion of their ...
Read More »Diversity & Inclusion Symposium Showcases DEI Experts
As part of this year's Five Star Conference & Expo, the American Mortgage Diversity Council helped host the latest iteration of the group's recurring Diversity & Inclusion Symposium. ...
Read More »Industry Experts Provide Insight on SFR Markets, Inflationary Pressures
As the second day of the 2022 Five Star Conference continued, experts from the SFR space gathered for this year's installment of the Single-Family Rental Roundtable. Opening with ...
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