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Mortgage Application Activity Down for Fourth Consecutive Week
The refinance share of mortgage activity increased to 27.3% of total applications from 26.7% in the previous week. Continue Reading Mortgage Application Activity Down for Fourth Consecutive Week
MBA Names Christine Chandler as Vice Chairwoman for 2024 Membership Year
Chandler is executive vice president, chief credit officer and chief operating officer with M&T Realty Capital Corp. in Baltimore. Continue Reading MBA Names Christine Chandler as Vice Chairwoman for 2024 Membership Year
Additional Reading: Top Real Estate Industry News & Headlines
Below, find popular recent real estate articles from top industry sources.
Lumber market must weather a `treacherous’ 2023 after last year’s staggering 66% price crash as a US housing slump deepens
Source: Insider --- Lumber prices plunged 66% last year as the once red-hot US housing market faltered – and the commodity's troubles will likely continue in 2023, according to strategists. The Federal Reserve's campaign to quell inflation fueled an unprecedented...
Canada Bans Foreigners From Purchasing Most Real Estate
Source: VOA News --- VANCOUVER, CANADA — With the dawn of 2023, the Canadian foreign buyers ban went into effect, banning non-Canadians from purchasing property, with several exceptions. These include landed immigrants, workers on temporary visas, refugees and some...
Mortgage rates start 2023 twice as high as they were a year ago
Source: CNN Business --- Washington, DCCNN — Mortgage rates inched up again last week, after a slight increase the week before interrupted six straight weeks of falling rates. The 30-year fixed-rate mortgage averaged 6.48% in the week ending January 5, up from 6.42%...
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