The U.S. Department of Housing and Urban Development (HUD) and Ginnie Mae are co-hosting a summit focusing on the impact of mortgage market liquidity on Americans’ access to affordable homeownership. The Mortgage Market Resilience and Access to Credit Summit...
Only 25 out of every 1,000 homes, or 2.5%, changed hands in the first eight months of 2024, the lowest turnover rate in the past 30 years, according to a new data report from Redfin (NASDAQ: RDFN). The new data analysis determined that existing home sales were similar...
Mortgage rates continued to become more tolerable in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.08% as of Sept. 26, down from last week when it averaged 6.09%. A year ago at this time,...
Pending home sales inched up by 0.6% in August, according to data from the National Association of Realtors (NAR). The Pending Home Sales Index (PHSI), NAR’s forward-looking indicator of home sales based on contract signings, increased to 70.6 in August; an index of...
The national median payment applied for by purchase applicants dropped from $2,140 in July to $2,057 in August, a 3.9% tumble, according to new data from the Mortgage Bankers Association (MBA). On a year-over-year measurement, the median payment was down by $113, a...
UWM Gives Underwriters Bigger Role in New Underwriting+ Program
