Hispanic homeownership has steadily grown for seven consecutive years, and it is predicted that Hispanic households will account for 70% of homeownership growth over the next 20 years. ...
Read More »Cost of Homeownership Growing ‘Prohibitively High’
While home price gains have slowed nationwide, actions by the Federal Reserve to curb inflation continue to make mortgage financing more expensive, according to the latest S&P Dow Jones Indices.
Read More »New Home Purchase Apps Rebound in August
The MBA reports that new home purchase applications were down year-over-year in August but made a comeback after four consecutive months of declines.
Read More »Mortgage Rates Climb to New 14-Year Highs
As the Federal Reserve issues another rate hike to tame high-riding inflation, Freddie Mac reported the fixed-rate mortgage climbed 27-basis points over last week, rising to levels last seen in 2008.
Read More »Mortgage Rates Eclipse the 6% Mark
Freddie Mac reports the fixed-rate mortgage hit an average of 6.02% this week, a high point not seen since 2008 as affordability conditions continue to worsen for many potential buyers.
Read More »Mortgage Rates Jump to 14-Year High
Mortgage rates jumped 23 basis points week-over-week, hitting a high mark last seen in late 2008, as heightened inflationary concerns are pushing more prospective buyers back to the sidelines.
Read More »Purchase Apps Hit Month-Long Slide
With mortgage rates spiking upward, mortgage application volume took another hit, falling for the fourth consecutive week, as markets continued to re-assess the prospects for the economy and the path of monetary policy.
Read More »Women in Housing: Industry Trailblazers Take Center Stage
The Five Star Institute spotlights five individuals who have broken down barriers and have enacted change within their own organizations, all nominated for the Trailblazer Award, which will be awarded at its upcoming Conference and Expo in Dallas.
Read More »Honoring the Industry’s Rising Stars
The Five Star Institute introduces the five nominees who, while still early in their careers, have demonstrated an outstanding capability to lead and drive progress, and be recognized during the Five Star Conference and Expo in Dallas.
Read More »Aggressive Monetary Policy Drives Mortgage Rates Upward
Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), showing that the 30-year fixed-rate mortgage (FRM) had averaged 5.66%. “The market’s renewed perception of ...
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