A recent House Financial Services Committee hearing discussed the benefits of the $150 billion Build Back Better Act, and the measure’s efforts to expand housing for all nationwide.
Read More »After Three-Week Ascent, Mortgage Rates Slip
Following a near-month-long 72-basis point rise, fixed-rate mortgages turned downward this week, signaling a potential reset in the housing market.
Read More »Will 2022 Break as Many Housing Records as 2021?
The record-breaking year that was 2021 seems to be a one-off performance, as the 2022 market is experiencing the upward creep of mortgage rates compounded with record-high prices, which is only adding to affordability issues.
Read More »Mortgage Rates Continue Upward Climb, Hit 14-Year High Point
After a few weeks of decline, Freddie Mac reports mortgage rates hit a mark last seen in November 2008, having increased by more than two full percentage points since the beginning of 2022.
Read More »Mortgage Apps Jump for Second Consecutive Week
The MBA reports that purchase activity was down 10% year-over-year, as inventory shortages and higher mortgage rates are dampening demand.
Read More »Mortgage Application Volume Rebounds
After nearly a month of declines in mortgage application volume, the MBA reported that apps rose 6.6% week-over-week, as the industry braces itself for the latest rate hike by the Fed.
Read More »Mortgage Rates Fall Slightly Week-Over-Week
After weeks of rising mortgage rates, continued economic unpredictability has driven rates down slightly this week, as homebuilder sentiment hit its lowest level in 24 months.
Read More »Is the Housing Market Finding a Not-so-New Normal?
According to First American Chief Economist Mark Fleming, rising rates may cool house price appreciation, and bring a new norm to the market.
Read More »Housing Starts Decline Slightly in April
The rise in mortgage rates and inflationary concerns are impacting new residential construction, as borrower costs continue to force many prospective buyers to the sidelines.
Read More »The Cost of Quality
Sara Knochel of Candor Technology explains how a strong technology partner can help make or break a lender’s future in the mortgage industry.
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