Mortgage Industry News
MBA’s Broeksmit Expresses ‘Significant Concern’ Over Pausing Foreclosures on VA-Guaranteed Loans
“The VA needs to provide a detailed plan on how servicers will be reimbursed for advancing payments on behalf of borrowers,” he said. Continue Reading MBA’s Broeksmit Expresses ‘Significant Concern’ Over Pausing Foreclosures on VA-Guaranteed Loans
Monthly Mortgage Payment Average Continues to Decline
Redfin attributed this decline to the continued downturn in mortgage rates from its high of 7.79% in October. Continue Reading Monthly Mortgage Payment Average Continues to Decline
Housing market once again braces for higher mortgage rates—where 8 experts see rates going this year
Source: Yahoo! Life --- Builders and real estate agents alike are celebrating signs of life in the U.S. housing market. That'll happen when a mild home price correction coupled with mortgage rates falling from 7.37% in early November to 5.99% in February improves...
With Home Prices Stabilizing, Realtors Looking Forward to Good Spring Home Buying Season
Home sales nationwide in January were up 6% from a year ago and are 39% higher than in 2020, according to Zillow’s first monthly market report of 2023. Buyers took advantage of slightly lower mortgage rates in January, but sellers have yet to join the fray. The number...
Fewer people are taking out mortgages as interest rates increase
Source: Gazette-Times --- Experian examined mortgage rate data from Freddie Mac and the number of mortgage applications to see how rising interest rates are affecting potential homebuyers. Fewer people are taking out mortgages as interest rates increase Americans are...
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