Mortgage Industry News
Mortgage Application Activity Records Slight Uptick
Among the federal programs, the FHA share of total applications decreased to 15.7% from 16.3% the week prior. Continue Reading Mortgage Application Activity Records Slight Uptick
Commercial and Multifamily Mortgage Debt Outstanding Increased During Q2
The level of commercial/multifamily mortgage debt outstanding reached $4.88 trillion by the end of the second quarter, an increase of $47.1 billion (1%) from the first quarter, according to data from the Mortgage Bankers Association (MBA). Multifamily mortgage debt...
Fannie Mae Forecasts Declining Mortgage Rates for 2025 and 2026
The revised forecast was mirrored by a mild upward revision for predicted existing home sales in 2025. Continue Reading Fannie Mae Forecasts Declining Mortgage Rates for 2025 and 2026
Mixed Results in Latest Mortgage Rate Data
The 30-year fixed-rate mortgage averaged 6.65% as of March 13 Continue Reading Mixed Results in Latest Mortgage Rate Data
CFPB Seeks to Vacate Redlining Settlement with Townstone Financial
The CFPB is seeking to return the $105,000 settlement funds to the company. Continue Reading CFPB Seeks to Vacate Redlining Settlement with Townstone Financial
Real estate consumers ‘got pretty spoiled’ from relatively low mortgage rates: Broker
Source: Yahoo!News --- My Southern View Broker Alyssa Hellman joins Yahoo Finance Live to discuss emerging housing markets, homebuyer responses to rising mortgage rates, and the outlook for demand in housing. Video Transcript [AUDIO LOGO] - Rising rates have led to...
3 Real Estate Market Predictions for the Rest of 2022
Source: The Motley Fool --- Nobody can know the future, but here are some things I could see happening. The real estate market in the United States has been decidedly unpredictable for the past couple of years. Many investors and industry analysts (myself included)...
Own a Home? Here’s How It Could Help You Get Through a Recession
Source: The Motley Fool --- You'll often hear that being a homeowner can lead to more financial stability. When you own a home and pay down your mortgage, you get closer to owning an asset whose value can grow over time. Plus, when you rent a home, there's always the...
Mortgages Are The Biggest Ripoff On Earth
Source: Surviving Tomorrow --- I got my first and hopefully last bank mortgage when I was nineteen years old. Despite not having a full-time job, me and a teenage buddy pre-qualified to borrow up to $250,000. We bought a fourplex, renovated it, and flipped it for a...
The US housing market’s stagnation has gotten even worse
Source: Quartz--- The meteoric rise of mortgage rates has zipped past another milestone this year. For the first time since April 2002, the 30-year fixed-rate mortgage (FRM) topped 7% this week, according to data from Federal Home Loan Mortgage Corporation (Freddie...
The Reason Home Prices Are Finally Dropping
Source: Slate --- This article is from Full Stack Economics, a newsletter about the economy, technology, and public policy. In March 2021, a woman in the D.C. area put her house on the market and got 88 bids—including 76 all-cash offers and 15 from people who hadn’t...
Paying Cash for Your Home Is a Bad Idea for These 4 Reasons
Source: The Motley Fool --- After rock-bottom interest rates during the first phase of the COVID-19 pandemic, the mortgage chickens have finally come home to roost. In October 2021, the average U.S. mortgage interest rate for a 30-year fixed-rate mortgage was just...
Options available to offset higher mortgage rates
Source: Salem News --- American homeowners are feeling the pinch as the Federal Reserve continues to ratchet up interest rates to combat inflation. The average rate for a 30-year fixed rate mortgage rose above 6% this month for the first time since 2008, putting both...
Home prices are finally falling. But how low will they go?
Source: CNN --- The US housing market is in the midst of a major shift. After two years of stratospheric price appreciation, home prices have peaked and are on their way back down. But what homebuyers and homeowners alike want to know is: How much lower will prices...
Study finds middle-income housing fund outperforms high-dollar real estate
Source: Austin Monitor --- An Austin investment fund created to support and stabilize middle-income rental housing has been verified as an attractive and viable investment by researchers from two Texas universities. Affordable Central Texas, which began acquiring...
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