Mortgage Applications Slump Following Rate Hike Back Over 7%
Mortgage applications decreased sharply this week, down 10.6% from last week’s decrease of 2.3%, according to the latest Weekly Mortgage ...
Tag: Housing Affordability
Guaranteed Rate Supports Home Affordability with Public-Partnered Grants
Mortgage servicer Guaranteed Rate is expanding its Fannie Mae and Freddie Mac-backed mortgage products. The company cites this move as ...
Mortgage Rates Rise This Week
The 30-year-fixed-rate mortgage average 6.77% this week, up from last week’s average of 6.64%, according to the latest Primary Mortgage ...
Economists Weigh in on the Future of First-Time Buyers
Although we're in the midst of a market correction, the future of the housing market is still up in the ...
Foreclosure Activity Up in January
In January 2024, there were 33,270 properties with foreclosure filings, default notices and scheduled auctions or bank repossessions, according to ...
Mortgage Applications Decrease This Week
Mortgage applications reversed course this week, decreasing 2.3% from last week’s increase of 3.7%, according to the latest Weekly Mortgage ...
Housing Affordability Remains at Near Historic Low
The latest Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI) from the National Association of Home Builders finds that home ...
Mortgage Rates Remain Stagnant
The 30-year-fixed-rate mortgage remained stagnant this week, averaging 6.64%, up from last week’s average of 6.63%, according to the latest ...
New Data Offers Cautious Optimism for Spring Home-Buying Season, Mortgage Market
As the sluggish 2023 housing market retreats farther from view, new industry data points to reasons to be cautiously optimistic ...
An Influx of Multifamily Homes Expected to “Dampen” Rent Growth in 2024
An influx of multifamily housing hitting the market is expected to “dampen” the national average asking rent growth in 2024, ...
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