Despite mortgage rates hitting the highest levels seen in a month, the MBA reports a week-over-week rise in overall mortgage application volume, led by renewed interest in FHA and conventional purchase apps.
Read More »Affordability Easing in Some U.S. Metros
Are rising mortgage rates still holding back prospective buyers? Click through to find out more on the latest in the buyer’s market.
Read More »Higher Mortgage Rates Push Refis Down More Than 80% YoY
Overall mortgage application volume dipped yet again this week, falling 1.2% week-over-week according to the MBA, with rates edging near the 6%-mark and forcing more homebuyers to the sidelines.
Read More »Mortgage Credit Availability Falls in August
As investors continue to reduce their offerings of ARM and non-QM loan programs and with overall origination volume forecast to constrict, the MBA found mortgage credit availability on the decline once again in August.
Read More »Home Affordability Hits Another Low in Q2
While many in the housing market are predicting a shift in power to buyers' favor, that switch may not be coming anytime soon to according to a recent ...
Read More »Refi-Seekers Impeded by Rising Rates
A new survey finds that mortgage apps dropped slightly over the past week, as the rise in rates are turning away would-be refis.
Read More »First-Time Homebuyers Shut Out by Affordability
While the trend of low rates continues, first-time homebuyers are finding that a decline in supply and higher prices are impacting this segment of the market.
Read More »Fed Hits Pause on Rate Hikes
While Fed Chair Jerome Powell has signaled a pause on rate hikes, here’s how the Fed’s new strategy could impact housing and the economy.
Read More »Will HELOCs Suffer After the Fed Rate Hike?
Experts weigh in on what the interest rate hike by the Fed on Wednesday means for the mortgage industry, especially HELOCs, which are likely to get impacted. Click through to learn what they had to say.
Read More »Buying a Home is a Top Priority for Americans
Americans want to buy homes and they want to buy them as an investment option. According to a study on homebuyers by NerdWallet, a personal finance website, 75 ...
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