"The economy is now slowing from the otherwise robust first estimate of third quarter growth," said Doug Duncan, Fannie Mae SVP and Chief Economist.
Read More »Where Will Mortgage Rates Be at the End of 2023?
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.
Read More »Northeast and Midwest Pending Home Sales Rebound in June
Led by an increase in sales in the Northeast and Midwest, NAR found that pending home sales nationwide rose slightly month-over-month in June, with the market continuing to struggle with a lack of housing supply.
Read More »Mortgage Rate Locks to Remain a Challenge
"High inflation and the Fed's actions to curb it have had a significant impact on the housing market this year. And while inflation has begun to ease, the sustained spike in mortgage rates was enough to stifle the housing market after several years of low rates and strong activity," said Realtor.com Chief Economist Danielle Hale.
Read More »Lower Volume, Staffing Cuts Expected in 2023
The most recent outlook from the Mortgage Bankers Association expects total origination volume to decline nearly 10% next year. Click through to find what else the MBA is forecasting.
Read More »Share of Income Required to Afford a Mortgage Skyrockets
Mortgage affordability has worsened coast-to-coast, rising to 30.2% nationwide. New data from Zillow reveals that housing affordability is now the worst it has been in several years, leaving many households cost-burdened.
Read More »Higher Education Proving Strong Contributing Factor for Millennial Homeownership
The latest analysis from First American Financial revealed that millennials are the most educated generation in American history, with nearly 40% possessing a bachelor’s degree or more, as those with higher education remain more likely to obtain homeownership.
Read More »Housing Forecasts Stay Calm Through Economic Storm
With both Fannie Mae and Freddie Mac downwardly revising their projected economic growth for the full year of 2016, what do they expect for housing?
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