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Mortgage Rates Surge as Inflation Lingers

Mortgage Rates Surge as Inflation Lingers

by Third Party | Feb 24, 2023 | Mortgage Information, U.S. Housing Market

Source: US News —  Mortgage rates jumped higher for the second week in a row as investors worry sticky inflation will cause more hawkish policy decisions from the Federal Reserve. The average 30-year fixed mortgage rate rose to 6.73%, from 6.55% the previous...
Housing, Inflation Data On Tap as Debate Rages on Strength of Economy

Housing, Inflation Data On Tap as Debate Rages on Strength of Economy

by Third Party | Feb 23, 2023 | Industry Updates, Mortgage Information

Source: US News —  A bevy of economic reports awaits investors and economists in a holiday-shortened week as the government gives updates on a key inflation measure and fourth quarter gross domestic product as well as private readings on the state of the housing...
U.S. home sales post 12th straight monthly decline; house price inflation cools

U.S. home sales post 12th straight monthly decline; house price inflation cools

by Third Party | Feb 23, 2023 | Mortgage Information, News/Current Events

Source: CNBC —  U.S. existing home sales dropped to the lowest level in more than 12 years in January, but the pace of decline slowed, raising cautious optimism that the housing market slump could be close to reaching a bottom. The report from the National...
MORTGAGE OPTIONS AND PROGRAMS FOR FIRST-TIME HOMEBUYERS

MORTGAGE OPTIONS AND PROGRAMS FOR FIRST-TIME HOMEBUYERS

by Third Party | Feb 23, 2023 | Mortgage Information, Real Estate Agent Tools

Source: RisMedia —  When you are about to enter the housing market for the first time, the money you are about to spend could be daunting. Many expenses are involved when buying a home, but you might find some payment assistance available. There are mortgage...
Zombie Foreclosures continue to increase across the nation

Zombie Foreclosures continue to increase across the nation

by Leora Ruzin | Feb 23, 2023 | Industry Updates, Mortgage Information, U.S. Housing Market

ATTOM, a curator of land, property, and real estate data, released its first-quarter 2023 Vacant Property and Zombie Foreclosure Report showing that 1.3 million (1,284,048) residential properties in the United States sit vacant. That figure represents 1.3 percent, or...
New Home Pending Sales Dip 5.8% But the Spring Selling Season Signals Sales

New Home Pending Sales Dip 5.8% But the Spring Selling Season Signals Sales

by Leora Ruzin | Feb 23, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market

Zonda, an advisor in the housing industry, released the New Home Market Update report for January 2023.   So far, most builders report a stronger than expected start to the year. There are pockets of outperformance where some communities are exceeding sales seen...
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