Mortgage Industry News
Mortgage Application Payments Increased in May
The national median mortgage payment for conventional loan applicants was $2,235, up from $2,206 in April and up from $2,226 in May 2024. Continue Reading Mortgage Application Payments Increased in May
FHFA Orders Review for Using Cryptocurrencies in Mortgage Market
No deadline was set, but Pulte asked that the directive “should be implemented as soon as reasonably practical.” Continue Reading FHFA Orders Review for Using Cryptocurrencies in Mortgage Market
Mortgage Application Activity Starts 2025 in Decline
The Refinance Index increased 2% from the previous week and was 6% lower than the same week one year ago. Continue Reading Mortgage Application Activity Starts 2025 in Decline
Mortgage Rates at Highest Level Since July
The 30-year fixed-rate mortgage averaged 6.91% as of Jan. 2. Continue Reading Mortgage Rates at Highest Level Since July
Mortgage Applications Down Over a Two-Week Period
The refinance share of mortgage activity decreased to 39.4% of total applications from 44.3% the previous week. Continue Reading Mortgage Applications Down Over a Two-Week Period
Mortgage Rates Dip Below 7% In The Wake Of Declining Buyer Demand
Source: Forbes --- Mortgage rates slipped below 7% this week, but it wasn’t enough to boost housing activity as mortgage applications continued to decline amid the Federal Reserve hiking its benchmark interest rate for the sixth time this year. The average 30-year,...
November and December are historically 2 of the 3 best months to buy a home if you want a deal. 6 economists and real estate pros on whether that trend will hold in 2022
Source: Market Watch --- Winter is coming. And in the case of real estate, that may be a good thing — at least for buyers looking for a lower priced home. Indeed, a 2021 analysis from real estate research firm ATTOM Data Solutions found that October, November and...
Fed’s latest hike will push up mortgage rates
Source: The Hill --- The Federal Reserve’s latest interest rate hike Wednesday of 0.75 percentage points is expected to intensify pressure on the housing market while pushing up mortgage rates that already have reached nearly 20-year highs. The interest hike announced...
Mortgage rates fall for first time in months
Source: The Hill --- Mortgage rates dipped slightly last week for the first time in more than two months amid the Federal Reserve’s ongoing fight with inflation, according to data released Wednesday by the Mortgage Bankers Association (MBA). The MBA’s weekly survey...
Mortgage rates are soaring. Is it still OK to refinance your home?
Source: Yahoo! News --- Mortgage rates, over 7% or so, are at their highest levels in 20 years and loan applications are down. So, it should follow, that homeowners looking to refinance loans would also be headed to the sidelines in droves. But according to experts,...
Mortgage Rates Too High? (Blame the Fed, Wall Street and Your Neighbor.)
Source: The New York Times --- Mila Adams moved to Utah in May with her husband and toddler son to be closer to family, but they didn’t expect to be living with her husband’s parents nearly a half year later. The couple’s search for a home of their own became a race...
Mortgage demand falls slightly even as rates slip from recent highs
Source: Housing Wire --- Hispanic homeownership in the U.S. climbed significantly in 2020 – there are now 8.8 million Hispanic homeowners in the country, according to a report released this week by the National Association of Hispanic Real Estate Professionals. That’s...
STUDY: HOME PRICE DECLINES HITTING WESTERN U.S. MARKETS
Source: Florida Atlantic University --- Average home prices are falling in 39 of the 100 largest U.S. housing markets and prices in an additional 18 metropolitan areas are expected to decline soon, according to researchers at Florida Atlantic University and Florida...
What’s Happening in the Affordable Housing Market
Source: Commercial Observer --- Commercial Observer recently spoke with Alvin Yeung, CPA, a managing director of tax services for CBIZ Marks Paneth, who has extensive experience in the affordable housing development market, and Gina Citrola, CPA, a CBIZ Marks Paneth...
Housing market predictions: the forecast for the next 5 years
Source: Bankrate --- It’s been a wild real estate ride over the last few years. After a red-hot market characterized by bidding wars, low interest rates and elevated prices, mortgage rates increased to the highest level in 20 years, leading to a slowdown of both...
