NAR reports that pending home sales rose in October, with buyers fearing a spike in rates took advantage of the limited supply available.
Read More »Apps for New Home Purchases Dip 15.2% YoY in October
Still hampered by supply-chain concerns, home builders slowed their pace in October, as buyers absorbed a 12.3% annual increase in construction costs.
Read More »Inflation, Consumer Spending Driving Mortgage Rates Upward
After dipping below the 3% mark last week, fixed-rate mortgages climbed on the strength of a rise in consumer spending and improvements in unemployment.
Read More »Housing Starts Fall in October
Continued shortages in building materials, labor, and land contributed to a monthly decline in October new housing starts.
Read More »The Mortgage Rate Rollercoaster
For the first time in over a month, mortgage rates have dropped below the 3% mark, signaling a strong finish for the purchase and refi markets to close out 2021.
Read More »Fannie Mae Market Report: Consumer Sentiment and Housing
Despite pessimism regarding the U.S. economy, and a predicted rise in rates, a new GSE poll found homebuyer sentiment on the rise in October.
Read More »Mortgage Rates Down Week-Over-Week
The days of rates in the 3% range may be numbered, as yesterday’s actions by the Fed to begin tapering may put upward pressure on rates moving forward.
Read More »Pending Home Sales Rebound in August
After two months of declines, pending home sales found their way onto the path to recovery at the end of Q3 2021.
Read More »New Home Sales on the Rise in July
The Census Bureau and HUD have found new home sales slowing in July, rising slightly over June’s totals, and limited by multiple supply-side headwinds.
Read More »First American Docutech Expands eSign Experience
Through a partnership with SimpleNexus’ homeownership platform, Docutech technology reportedly will benefit more borrowers, loan officers, and lenders.
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