A growing number of people were taking out mortgages last week, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, was up by 14.2% on a seasonally adjusted basis on a...
A monthly mortgage payment is less expensive than rent in 22 of the nation’s 50 largest metros, according to new data from Zillow (NASDAQ: Z, ZG). The new data determined the typical rent payment nationally is $2,063 a month while the typical mortgage payment is...
Mortgage rates continued to decline in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.20% as of Sept. 12, down from last week when it averaged 6.35%. A year ago at this time, it averaged...
Two new data reports from the Mortgage Bankers Association (MBA) pointed to positive developments in the home loan market. The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 1.4% on a seasonally adjusted basis in the week...
Rohit Chopra is director of the Consumer Financial Protection Bureau (CFPB). This article is adapted and edited from a speech delivered yesterday at the National Housing Conference in Washington, DC. While we often focus on homeownership as a vehicle for accumulating...
reAlpha Tech Corp. (NASDAQ: AIRE), a Dublin, Ohio-headquartered real estate company focused on artificial intelligence (AI) technologies, has acquired Debt Does Deals LLC, d/b/a Be My Neighbor, a mortgage brokerage company licensed to operate in 26 states. The...
