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Mortgage Application Payments Down in September
Homebuyer affordability improved last month as the national median payment applied for by purchase applicants dropped by 0.8% from $2,057 in August to $2,041 in September, according to the Mortgage Bankers Association's (MBA) Purchase Applications Payment Index. The...
Mortgage Industry Executive Frank Pallotta Weighs Run for New Jersey Legislative Seat
Pallotta previously ran for New Jersey’s 5th Congressional District in 2020 and 2022. Continue Reading Mortgage Industry Executive Frank Pallotta Weighs Run for New Jersey Legislative Seat
Mortgage Rates Up for Fifth Straight Week
The 30-year fixed-rate mortgage averaged 6.72% as of Oct. 31. Continue Reading Mortgage Rates Up for Fifth Straight Week
Redfin: Buyer’s Agent Commissions Mostly Unaffected Since NAR Rule Change
Buyer’s agent commissions for homes listed under $500,000 inched up from an average of 2.41% in August to 2.43% in October. Continue Reading Redfin: Buyer’s Agent Commissions Mostly Unaffected Since NAR Rule Change
Nearly Half of Recent Homebuyers Secured Mortgage Rates Below 5%
Mortgage rates were at a historic low of 2.65% in 2021 before soaring to decade-long highs of 7.79% in the fall of 2023. Continue Reading Nearly Half of Recent Homebuyers Secured Mortgage Rates Below 5%
Zombie Foreclosures Down 20% from Last Year
The number of zombie properties has gone up quarterly in 30 states. Continue Reading Zombie Foreclosures Down 20% from Last Year
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