After a slight break last week, Freddie Mac reports the fixed-rate mortgage inched closer toward the 7% mark, as recessionary concerns and housing affordability continue to drive down housing demand.
Read More »Mortgage Purchase Activity ‘Hamstrung’ by Market Forces
Ongoing affordability challenges and low inventory are pushing mortgage application volume back down, after a near-month-long stretch of trending upward, according to the MBA.
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 »Redfin Acquires Bay Equity Home Loans
Under terms of the $137.8 million deal, Redfin will wind down its Redfin Mortgage business, and Bay Equity will continue to operate under its own name with current leadership.
Read More »Fed Rate Hike Pushes Mortgage Rates Toward 4.5% Mark
After the Fed decided to raise rates last week, mortgage rates followed suit and edged up to 4.42%, up 26 basis points over last week and forcing more prospective buyers to the sidelines.
Read More »Affordability Issues Linger Despite Stabilization of Mortgage Rates
Mortgage rates have begun to plateau, with a spike in home buyer demand due to the continued lack of supply and elevation in prices.
Read More »Freddie Mac: Despite Rate Hike, Housing Market Stability Ahead?
Home purchase mortgage originations are anticipated to grow from $1.9 trillion in 2021 to $2.1 trillion in 2022, and $2.2 trillion in 2023, according to a new Freddie Mac forecast.
Read More »Increase in Purchase Apps Offsets Decline in Refis
Mortgage application volume held steady week-over-week according to a new report, as a slight drop in refis was countered by a rise in home purchases.
Read More »Refinance Market Begins to Slow
New report offers insight into the frequency of 11 of today’s top market opportunities for mortgage lenders, as refis begin to wane—yet the purchase market is not picking up the slack.
Read More »Survey: Most Borrowers Have Not Refinanced
Despite low mortgage rates, relatively few homeowners have acted on an option that could save $100s per month—here is why.
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