With mortgage rates jumping for four consecutive weeks, overall mortgage application volume continues to suffer, dropping 6.3% over the previous week.
Read More »Americans Still Want Homes Amid Rising Affordability Concerns
By all available means, data, and metrics, housing prices are still soaring. The growth seen by the typical single-family home over the past two years has been blistering ...
Read More »Hike in Mortgage Rates Pushes Overall Apps Further Downward
With mortgage rates hitting a three-year high, the MBA recorded continued declines in both purchase apps and refis last week.
Read More »Consumer Homebuying Power Decreases 4% YoY
House-buying power, or how much one can buy based on changes in income and interest rates, has decreased both month-over-month and year-over-year.
Read More »National Median Mortgage Payment Rises Month-Over-Month
The Mortgage Bankers Association (MBA) has launched a new affordability index aiming to measure how new mortgage payments vary across time relative to their income. The new monthly ...
Read More »Middle America Dominates Most Affordable Rental Markets
According to the Realtor.com Monthly Rental Report, new rental data shows affordability issues are on the rise, as Americans spent an average 30% of their monthly budgets on ...
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 »After Week of Declines, Mortgage Rates Back on the Rise
Inflationary concerns and the Ukrainian conflict are factoring into mortgage rate volatility that is forecast to continue in the short-term.
Read More »Declining Affordability Can be Remedied by Remote Work
The fact that remote work is sticking around means homebuyers can leverage their newfound freedom if affordability becomes an issue.
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