Home Buyers Might be ‘Waiting in Vain’ for Mortgage Interest Rates to Fall
Although homebuyers have gained back purchasing power since April, most continue to sit on the sidelines in the hope that the Fed will cut...
Agencies Finalize Rule Allowing Consumers to Contest Real Estate Appraisals
Five federal regulatory agencies including the Consumer Financial Protection Bureau have finalized a rule that allows home buyers to request a reassessment of an...
Home Prices Increased 1.3 Percent During the Second Quarter
Single-family home prices increased a seasonally adjusted 1.3% during the second quarter, down from a revised 2.0% in the first quarter, according to Fannie...
Applications for New Home Purchases Plummeted in June
Applications for mortgages for new home purchases plummeted 16% in June compared with May and were down 0.7% compared with June 2023, according to...
Mortgage Rates Decrease for a Second Week; 30-Year Falls to 6.77 Percent
Mortgage rates decreased for a second week as the average rate for a 30-year fell to 6.77%, down from 6.89% last week, according to...
U.S. Home Purchases by International Buyers Dropped During the Past Year
International buyers purchased $42 billion worth of U.S. residential properties from April 2023 to March 2024, down 21.2% from the prior year, according to...
MBA: Refinance Volume Jumped 15 Percent Last Week as Mortgage Rates Fell
Total mortgage application volume increased 3.9% during the week ended July 12, driven by a significant drop in mortgage rates that resulted in a...
Housing Starts Increased 3 Percent in June, Driven by Multifamily Production
Housing starts increased 3% in June compared with May - driven by a surge in multifamily production - but were down 4.4% compared with...
Sixty Percent of Gen Z Worry They May Never Own a Home
About 93% of adult zoomers - the generation born in the 15-year span from 1997 to 2012 - want to own a home, with...
A&D Mortgage Launches New Loyalty Program for its Broker Partners
Non-QM lender A&D Mortgage has launched a new loyalty program designed to recognize and appreciate the dedication and commitment of its broker partners.
The firm’s...
Refinance Volume Jumped 15 Percent Last Week as Mortgage Rates Fell
Total mortgage application volume increased 3.9% during the week ended July 12, driven by a significant drop in mortgage rates that resulted in a...
Overall, Borrower Activity Has Been Consistent in 2024
Borrowers generated 58,057 pre-approval letters through LenderLogix's QuickQual pre-approval platform in the second quarter, an 8% increase compared with the first quarter, according to...
Listings Are Piling Up in Certain Areas, Resulting in Price Cuts
Home buyers continue to wait on the sidelines until mortgage rates decrease. As a result, listings are accumulating in some areas, resulting in price...
Motto Mortgage Opens New Franchise Location in New Hampshire
Motto Mortgage has opened a new office in Nashua, N.H., serving all markets throughout the state.
Motto Mortgage Sail Home is now open, marking the...
U.S. Home Appraisals Were Higher Than Sale Prices 51 Percent of the Time in...
U.S. home appraisals were higher than sale prices 51% of the time in the first half of 2024 - and the gap between appraisals...
Refi Volumes, Despite Being Dismally Low, Show Some ‘Notable Shifts’
Although refi volumes remain at a fraction of historical levels, there have been some notable shifts in who is taking out refis in today’s...
Patrick Holland of Embrace Home Loans Surpasses $1B in Career Loan Originations
Embrace Home Loans reports that loan officer Patrick Holland surpassed $1 billion in career loan originations earlier this month.
Holland, who has been with Embrace...
Section 184 Loans for Native Americans Introduced by Carrington Mortgage Services
Carrington Mortgage Services is introducing Section 184 Loans for Native Americans for its retail lending customers.
“The Section 184 Loan is a great product, in...
Mortgage Rates Fall for a Second Week, But Will Potential Buyers React?
Mortgage rates decreased for a second week as the average rate for a 30-year fixed-rate mortgage dipped to 6.89%, down from 6.95% last week...
Point Mortgage Expands Into Wisconsin
Point Mortgage, a full-service mortgage lender offering expertise from purchases to refinances, from conventional to FHA, USDA, and VA loans, is expanding its footprint...