U.S. Housing Market
Non-QM Lender Angel Oak Mortgage Solutions Debuts 5- and 7-Year Adjustable-Rate Mortgages
“This launch underscores our commitment to supporting the non-QM ecosystem,” said Tom Hutchens, president of Angel Oak Mortgage Solutions. Continue Reading Non-QM Lender Angel Oak Mortgage Solutions Debuts 5- and 7-Year Adjustable-Rate Mortgages
Mortgage Rates Go Into Decline
The 30-year fixed-rate mortgage averaged 6.30% as of Oct. 9. Continue Reading Mortgage Rates Go Into Decline
California Home Sales, Median Price Down in May
Total active listings in May rose on a year-over-year basis by nearly 50%. Continue Reading California Home Sales, Median Price Down in May
Mortgage Rates Trickle Lower
The 30-year fixed-rate mortgage averaged 6.81% as of June 18. Continue Reading Mortgage Rates Trickle Lower
Gen Z Accounts for 12% of VA Purchase Loan Market
Gen Z homebuyers using VA loans are most concentrated near large military communities like San Antonio, Virginia Beach, and Colorado Springs. Continue Reading Gen Z Accounts for 12% of VA Purchase Loan Market
When You Need a Six-Digit Salary to Avoid Being Rent Burdened
The least rent-burdened market is Wichita, Kansas, where the average renter needs to make just less than $40,000. Continue Reading When You Need a Six-Digit Salary to Avoid Being Rent Burdened
NASCAR’s Kyle Busch Lists North Carolina Mansion for $13 Million
Busch purchased the property for $7.5 million in 2012, which was a record at the time for the Charlotte area. Continue Reading NASCAR’s Kyle Busch Lists North Carolina Mansion for $13 Million
New Home Listings Down 25% From One Year Ago
The absence of new listing pushed the total number of homes listed for sale down 5% year-over-year. Continue Reading New Home Listings Down 25% From One Year Ago
Q1 Homeowners See First Annual Home Equity Losses Since 2012
This represented a collective loss of $108.4 billion and an average loss of $5,400 per borrower from one year earlier. Continue Reading Q1 Homeowners See First Annual Home Equity Losses Since 2012
Wanted: 320,000 Affordable Homes for Middle-Income Buyers
NAR defines a middle-income buyer as a household earning up to $75,000. Continue Reading Wanted: 320,000 Affordable Homes for Middle-Income Buyers
Guest Opinion: How the Fed Impacts the Housing Market
Shelter inflation is a macroeconomic drag. Money spent on housing is money that’s not being spent on education, services, and durable goods. Continue Reading Guest Opinion: How the Fed Impacts the Housing Market
Salt Lake City is the Most Popular Metro with Gen Z Homebuyers
Six of the 10 least popular metros for potential Gen Z buyers were in California. Continue Reading Salt Lake City is the Most Popular Metro with Gen Z Homebuyers
One-Third of Homebuyers Now Paying in All-Cash Deals
Only 6.1% of mortgaged home sales used a jumbo loan in April, down from 10.6% a year earlier. Continue Reading One-Third of Homebuyers Now Paying in All-Cash Deals
Mortgage Application Activity Down for Fourth Consecutive Week
The refinance share of mortgage activity increased to 27.3% of total applications from 26.7% in the previous week. Continue Reading Mortgage Application Activity Down for Fourth Consecutive Week
Lake Tahoe Vacation Property Favored by the Kardashians Listed for $19.8 Million
The property last changed hands in 2019 for $12.1 million. Continue Reading Lake Tahoe Vacation Property Favored by the Kardashians Listed for $19.8 Million
