U.S. Housing Market
30-Year Fixed-Rate Mortgage Drops Below 6% for the First Time Since 2022
A year ago at this time, it averaged 6.76%. Continue Reading 30-Year Fixed-Rate Mortgage Drops Below 6% for the First Time Since 2022
Maryland Home Sales Down Amid Inventory Shortages
The average sales price increased 3.4% year-over-year to $495,038 and the median sales price inched up by 0.5% to $410,000. Continue Reading Maryland Home Sales Down Amid Inventory Shortages
Mortgage Application Activity Remains Mostly Flat
“The government purchase index, which includes FHA, VA, and USDA applications, increased 9 percent and had the strongest week since 2023,” said MBA’s Joel Kan. Continue Reading Mortgage Application Activity Remains Mostly Flat
New Bill Would End Biden-Era Environmental Policies Impacting the Housing Market
Rep. Andy Biggs (R-AZ) introduced companion legislation in the House of Representatives. Continue Reading New Bill Would End Biden-Era Environmental Policies Impacting the Housing Market
New Data Points to Deceleration in Home Prices
Chicago, New York and Boston reported the highest year-over-year gains with year-over-year price increases of 5.5%, 5.2% and 4.1%, respectively. Continue Reading New Data Points to Deceleration in Home Prices
FTC Returns $1.2 Million to Consumers from Loan Modification Scheme
The FTC is sending payments to 6,261 consumers who will each receive $201.34. Continue Reading FTC Returns $1.2 Million to Consumers from Loan Modification Scheme
California City Takes State Housing Mandate Case to Appeals Court
Huntington Beach officials insisted housing is a local governance issue. Continue Reading California City Takes State Housing Mandate Case to Appeals Court
TransUnion Debuts Property Insights Tool
The new tool is designed to protect lenders and borrowers from the potential risks associated with property value fluctuations. Continue Reading TransUnion Debuts Property Insights Tool
Mortgage Rates Hold Steady in the Mid-6% Range
The 30-year fixed-rate mortgage averaged 6.66% as of Jan. 11, slightly up from last week when it averaged 6.62%. Continue Reading Mortgage Rates Hold Steady in the Mid-6% Range
Foreclosure Filings Up 10% in 2023
The state with the highest foreclosure rates in 2023 was New Jersey with 0.46% of housing units with a foreclosure filing. Continue Reading Foreclosure Filings Up 10% in 2023
NRL Mortgage and Calque Unveil The Trade-In Mortgage
“NRL Mortgage stood out as one of the top mortgage lenders to offer The Trade-In Mortgage,” said Dan Mugge, chief operating officer at Calque. Continue Reading NRL Mortgage and Calque Unveil The Trade-In Mortgage
California Home of Monkee Michael Nesmith Sells for $3.25 Million
The singer-songwriter died at his home in 2021 from heart failure at the age of 78. Continue Reading California Home of Monkee Michael Nesmith Sells for $3.25 Million
Mortgage Application Volume Up Nearly 10%
The holiday adjusted Refinance Index increased 19% from the previous week and was 30% higher than the same week one year ago. Continue Reading Mortgage Application Volume Up Nearly 10%
HUD Awards $40 Million to Housing Counseling Services
HUD plans to award grants to more than 150 housing counseling agencies and intermediary organizations. Continue Reading HUD Awards $40 Million to Housing Counseling Services
Guaranteed Rate Debuts RateReduce Sell Program
Chicago-headquartered Guaranteed Rate has enhanced its RateReduce offering to include RateReduce Sell, a program designed to help real estate agents facing a challenging home sales market. According to the company, RateReduce Sell provides real estate agents the...
