Mortgage rates continue falling before Thanksgiving: Freddie Mac
Mortgage rates dropped significantly in the last few weeks, but the cost of borrowing remains high prompting many homebuyers to wait for even lower rates.
The 30-year,...
Fannie Mae on Q4: Existing home sales will be lowest since 2010
The housing market has not hit the bottom in existing home sales yet, Fannie Mae projected.
With mortgage rates having previously soared to around 8%, existing home...
Foreclosure starts rise in October but near-term risk is muted: ICE
While foreclosure completions remained relatively flat in October, foreclosure starts rose to 33,000, hitting their highest level in 18 months, according to the ICE Mortgage Monitor...
Opinion: More should be done to shorten the average time to close
Seemingly forever, the average time between reaching a sales agreement and closing on that property has hovered around 45 days — a month and a half.
It’s...
Mortgage applications surge to highest level in six weeks: MBA
Mortgage applications rose to their highest level in six weeks after the 30-year fixed mortgage rate fell to 7.44% last week.
Total home loan applications increased 3%...
Share of mortgage-free homeowners hits all-time high in 2022
While prospective homebuyers are grappling with still-elevated mortgage rates, a growing share of Americans are enjoying being mortgage-free.
In 2022, nearly 40% of U.S. homeowners owned their...
DataDigest: How and where homebuilders are closing deals
For the fourth consecutive month, homebuilder confidence sank in November, according to the National Association of Home Builders/Wells Fargo Housing Market Index published last week. The...
Attom appoints new chairman of the board
Attom Data Solutions has appointed Ned Stringham to the role of chairman of the board. His addition expands the board to six members.
The property data...
Have we finally hit the bottom in existing home sales?
Has the epic crash in existing home sales finally found a workable bottom to rise from? The 10-year yield will be our guide, as I discussed...
Rocket TPO announces a 25 bps credit on non-owner-occupied agency loans
Rocket Pro TPO, the wholesale arm of Rocket Mortgage, announced Monday a promotion related to the loan level pricing adjustment (LLPA) on agency mortgages for non-owner-occupied...