Mortgage Industry News

Source: Realtor --- This is not an easy time for homebuyers. Simply put, housing inventory is at historic lows and home prices are at historic highs, resulting in one of the most competitive times to buy a house ever. This red-hot market has prompted many buyers to go...

Source: The Motley Fool --- Inflation's impact on energy costs was already being felt before the Russia-Ukraine conflict, but now new sanctions restricting the exportation of fuel are exacerbating the problem and causing gas prices to soar. While it may not seem like...

Source: Redfin --- The typical U.S. condo sold for a record $319,000 in February, up 14.6% from a year earlier and 22.7% from two years earlier, just before the pandemic began.  Condos are in demand partly because they’re a comparatively affordable option amid...

Source: Keeping Current Matters --- If you’re ready to move up, you may be trying to decide whether you want to buy a home that’s already on the market or build a new one. And since the supply of homes available for sale today is low, you’re willing to consider either...

Source: Time --- Things got tougher for homebuyers this week as mortgage rates continued to rise more quickly than experts expected.  The average 30-year fixed rate was 4.59% this week, a rise of 19 basis points from a week earlier. Rates were below 4% just three...