A total of 1.62 million residential mortgages were issued during the second quarter, according to new data from ATTOM. This represents a 23.2% increase from the first quarter but a 1.6% drop from the second quarter of 2023. Purchase loan activity was up by 32.7%...
Calque, an Austin-headquartered fintech, has debuted the Contingency Buster, its newest “buy before you sell” program. According to the company, the Contingency Buster is designed for homeowners who want to quickly remove home sale contingencies and debt-to-income...
Allstate has been approved for the largest rate increase in California of any major insurer in the past three years. California’s Department of Insurance has approved Allstate’s request to jack up its home insurance rates by an average of 34.1% for its approximately...
The typical down payment for homebuyers hit a record high of $67,500 in June, according to new data from Redfin (NASDAQ: RDFN). This is up 14.8% from $58,788 one year earlier and the 12th consecutive month the median down payment was up year-over-year. The typical...
Mortgage applications inched up during the week ending Aug. 23, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 0.5% on a seasonally adjusted basis from one...
A total of 85.7% homeowners with mortgages, roughly six out of every seven households, have an interest rate below 6%, according to a data report from Redfin (NASDAQ:RDFN). This is down from 90.6% at the start of last year and from the record high of 92.8% in...
