Overall mortgage application volume fell week-over-week, as investors continue to weigh the impact of rapidly increasing inflation nationwide.
Read More »Fed Raises Rates for First Time in Four Years
It has been 732 days since the Federal Reserve Open Market Committee (FOMC) cut interest rates in an emergency meeting in light of the then-blossoming COVID-19 pandemic. But all ...
Read More »Median Home Prices Hit New Record-High
According to a new report from Redfin, some 60% of homes that went under contract during the four-week period ending March 6 found a buyer within two weeks—an ...
Read More »Why ‘Listapalooza’ Might Be a Key Week for Home Sellers
As buyer interest accelerates before the Spring buying season, getting ahead of the competition is projected to pay off for 2022 sellers.
Read More »Second-Home Demand Drops to Lowest Level Since 2020
According to a new report from Redfin, demand for vacation homes fell drastically in February, with mortgage-rate locks for second homes reaching their lowest level since May 2020. ...
Read More »The Hidden Costs of Mortgage Payments and Affordability
While each homeowner’s total cost is different, of course, examining broad categories of homeowners and analyzing their costs, can provide insights into the drivers of housing affordability. Here’s what a new study by Fannie Mae reveals.
Read More »Who Is Bearing the Brunt of Supply Chain Issues?
With a lack of supplies, a spike in the cost of raw materials, and affordability concerns tugging at the housing market, Ward Morrison, President of Motto Mortgage, recently spoke with MReport to address the impact of supply chain issues on the marketplace.
Read More »Refi Activity, Rate Locks Fall in February
Black Knight, Inc. announced the release of its latest Originations Market Monitor report, analyzing mortgage origination data through February. Leveraging daily rate lock data from Black Knight's Optimal ...
Read More »More Buyers Securing Homes With Cash Offers
As demand continues to rise, January marked the most competitive month on record, with more than 30% of homes selling above list price last year.
Read More »Natural Disasters’ Effects on the Rental Market
Renters are at particular risk of natural disasters, especially those in manufactured homes, and may have few options to turn to after a significant event.
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