A slight drop in mortgage rates may be a sign of market normalization, but lingering economic instability and inflationary issues remain hurdles that prospective buyers are still unable to overcome.
Read More »Rate Hikes Continue to Drive Down Mortgage App Volume
With interest by prospective buyers waning, mortgage application volume fell 11% week-over-week, as economic volatility has forced some households to delay their home search.
Read More »Rents Grow Nearly 20% Since Pre-Pandemic Levels
According to the latest Monthly Rental Report from Realtor.com, rental prices grew nationwide by nearly 20% from March 2020 to 2022 during the pandemic. Two-year rental trends indicate ...
Read More »Mortgage Rates Hit 11-Year High
Not since early 2011 have mortgage rates hit the 5% mark, but this week, that became a reality, as elevated home prices and short supply are making the dream of homeownership an expensive proposition.
Read More »Housing Costs Spark Record Share of Buyers Looking to Relocate
According to a new report from Redfin, a record 32.3% of its users nationwide looked to move to a different metro area in Q1 — up from 31.5% ...
Read More »Upward Drive in Mortgage Rates Continues to Soften Purchase Activity
Mortgage rates rose once again this week, creeping closer to the 4.75% mark, rapidly closing the door on affordability for many.
Read More »Expert Insights: The State of Compliance & Digital Technologies
Steve Schachter, President of Sourcepoint, addresses some of the top compliance and regulatory risks for lenders in 2022 and beyond.
Read More »Refi Volume Falls to Three-Year Low
With mortgage rates jumping for four consecutive weeks, overall mortgage application volume continues to suffer, dropping 6.3% over the previous week.
Read More »Consumers Face the Supply Chain Fallout
As supply chain and bottleneck issues continue to impact the housing industry, Steve Adamo of Embrace Home Loans spoke with MReport about remedies to alleviate these concerns.
Read More »Who Is Bearing the Brunt of Supply Chain Issues?
With a lack of supplies, a spike in the cost of raw materials, and affordability concerns tugging at the housing market, Ward Morrison, President of Motto Mortgage, recently spoke with MReport to address the impact of supply chain issues on the marketplace.
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