Top Headlines
GOP Senators Reintroduce Bill Putting CFPB Funding Under Congressional Appropriation
“The CFPB has continued to operate as a partisan, rogue regulator,” said Sen. Katie Britt. Continue Reading GOP Senators Reintroduce Bill Putting CFPB Funding Under Congressional Appropriation
Survey: Nearly Half of Americans Struggling to Maintain Financial Stability
“A large segment of the American public feels it is financially behind the eight ball,” said Monmouth University’s Patrick Murray. Continue Reading Survey: Nearly Half of Americans Struggling to Maintain Financial Stability
Wharton to Offer Course on Using Data Analytics for Real Estate Investments
The half-semester course titled “REAL 3700X: Real Estate Data Analytics” begins in the spring 2025. Continue Reading Wharton to Offer Course on Using Data Analytics for Real Estate Investments
Guest Opinion: Fighting Back Against Ransomware Attacks
Far too many “digital doors” are left open for adversaries to walk through with relative ease. Continue Reading Guest Opinion: Fighting Back Against Ransomware Attacks
Alex de Calice Joins Point as Head of Capital Formation
Before joining the Palo Alto, California-based company, de Calice was president of Tacora Capital. Continue Reading Alex de Calice Joins Point as Head of Capital Formation
Mortgage prepayments have fallen 62% from a year ago. This is what that says about the housing market.
Source: Market Watch --- Mortgage prepayment activity fell 19.1% just from March to April and 61.8% from a year ago, according to research from mortgage data and analytics company Black Knight. Why is prepayment activity down so drastically? It’s driven in large part...
What Is Private Mortgage Insurance? Here’s Everything Homebuyers Need to Know
Source: CNET --- If you make a down payment of less than 20% on your home, you'll probably have to purchase private mortgage insurance. When you make a smaller down payment, lenders tend to consider you a higher-risk candidate for a mortgage, and the PMI requirement...
It all Matters
Debbie Bloyd is a contributing author to Weekly Real Estate News and can be contacted at 469-768-0337 or [email protected] Yesterday was maddening! I spent a lot of time on the phone with a client and his mom. Another first-time homebuyer with too much help...
What Are the Best Options for Today’s First-Time Homebuyers?
Source: Keeping Current Matters --- If you’re looking to buy your first home, you’re likely balancing several factors. Because both mortgage rates and home prices have risen this year, it costs more to buy a home than it did even just a few months ago. But that...
U.S. Mortgage Lending Dives 32 Percent in Q1, Fastest Decline in 8 Years
Source: World Property Journal --- Based on ATTOM's first-quarter 2022 U.S. Residential Property Mortgage Origination Report, 2.71 million mortgages secured by residential property (1 to 4 units) originated in the first quarter of 2022 in the United States. That...
Would-Be Homebuyers Feeling Squeeze of Higher Home Prices and Mortgage Rates
Source: Fannie Mae --- WASHINGTON, DC – The Fannie Mae (FNMA/OTCQB) Home Purchase Sentiment Index® (HPSI) remained relatively flat in May, decreasing by only 0.3 points but inching nearer its 10-year- and pandemic-low of 63.0 from April 2020. Surveyed consumers...
Over Half of U.S. Buyers Report Crying While Looking for a Home in 2022
Source: World Property Journal --- According to a new Zillow survey, over 50% of U.S. home buyers say the process left them in tears, with Gen Zers and millennials -- many of whom are first-time home buyers - far more likely to cry at least once during their...
Home Affordability Has ‘Collapsed’ in 2022. What To Expect Next, According to BofA
Source: Realtor --- The double whammy of surging mortgage rates and skyrocketing home prices has led to “collapsed” housing affordability in America, according to Chris Flanagan’s team at BofA Global Research. The situation has gotten so bad that it now compares to...
Considering an adjustable rate mortgage? Be sure you fully understand the risks
Source: CNBC --- When interest rates rise, it’s common for some homebuyers to explore whether an adjustable rate mortgage would make sense for them. With an ARM, as it’s called, the appeal is its lower initial interest rate compared with a traditional 30-year...
Today’s mortgage refinance rates rise
Source: Bankrate --- The majority of key mortgage refinance rates were higher today compared to a week ago, according to data compiled by Bankrate. 30-year fixed refinance rate: 5.51%, +0.29 vs. a week ago 15-year fixed refinance rate: 4.71%, +0.18 vs. a week ago...
