Mortgage rates have surpassed 5% lately, due in large part to increases to the federal interest rate by the Federal Reserve who in addition to raising the rate twice ...
Read More »Homebuying More Competitive Than Ever
According to a new report from Redfin, the share of home sellers who dropped their asking price jumped to a six-month-high of 15% for the four weeks ending ...
Read More »Hugh Blevins to Lead Planet Home Lending’s New Texas Office
Planet Home opens its seventh Texas location in San Antonio, to be led by 15-year industry vet Hugh Blevins and his team.
Read More »Game of Homes
As the quest for the American Dream continues, homebuyer competition intensifies amidst rising rates, record high prices, and insufficient inventory.
Read More »CFPB Issues Memo to Increase Consumer Protections
The Consumer Financial Protection Bureau (CFPB) has recently published an advisory opinion to affirm that the Equal Credit Opportunity Act (ECOA) bars lenders from discriminating against customers after ...
Read More »Refi Closing Costs Exceed $2,300 in 2021
ClosingCorp, a provider of mortgage and closing cost data and subsidiary of CoreLogic, released its most recent Refinance Closing Cost Report for 2021 finding that the average closing ...
Read More »Home Purchase Sentiment Falls to Lowest Level Since 2020
The latest iteration of Fannie Mae’s Home Purchase Sentiment Index (HPSI) for April decreased by 4.7 points to 68.5, its lowest level since May 2020, as rising mortgage rates and ...
Read More »Post-Pandemic AAPI Homebuying Skyrockets
Owning a home is seen as a sign of success and financial stability, and while Asian people in the U.S. tend to have higher educational attainment and household ...
Read More »MBA Forecast Calls for Higher Home Prices and Mortgage Rates
According to the new MBA Purchase Applications Payment Index (PAPI), homebuyer affordability declined in March, with the national median payment applied for by applicants rising 5% to $1,736 ...
Read More »Deephaven Mortgage Names New Chief Sales Officer
Tom Davis, a veteran mortgage industry executive, has joined Non-QM/Non-Agency lender Deephaven Mortgage as Chief Sales Officer, charged with expanding Deephaven’s footprint and market share across the U.S. ...
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