The National Average Property Tax Rate Increased Nearly 7 Percent in 2023
Roughly $363.3 billion in property taxes were levied on single-family homes nationwide in 2023, up 6.9% from $339.8 billion in 2022, according to ATTOM.
The...
Mortgage Rates Inched Up Slightly This Week With 30-Year Still Hovering Around 6.80 Percent
Mortgage rates continued to hold steady this week, with the average rate for a 30-year fixed-rate mortgage rising slightly to 6.82%, up from 6.79%...
CoreLogic: Home Prices Increased 0.7 Percent in February
U.S. home prices increased 0.7% in February compared with January and were up 5.5% compared with February 2023, according to CoreLogic’s home price index...
Veros: Low Inventory Will Continue to Boost Home Prices Through 2024
U.S. home prices are forecast to increase 2.9% over the next 12 months, according to Veros Real Estate Solutions' quarterly VeroFORECAST report.
This is an...
Informative Research Integrates Veri-Tax with its Platform
Informative Research, a provider of borrower verification solutions and data, has integrated Veri-Tax, a provider of income and employment verifications, with its platform, thus...
MBA: Mortgage Applications Decreased Slightly Last Week Despite Dip in Rates
Mortgage application volume shrank 0.6% during the week ended March 29, as the average rate for a 30-year fixed-rate mortgage dipped to 6.91%, down...
ATTOM: Home Prices Rising Faster Than Wages, Making Homeownership a ‘Pipe Dream’ for Many
Home prices are rising faster than wages in half the U.S., a report from ATTOM shows.
And while the portion of wages needed for homeownership...
MMI Taps Ryan Minard as Senior Sales Engineer
Ryan Minard is the new senior sales engineer for Mobility Market Intelligence (MMI), offering data intelligence and market insight tools for the mortgage and...
Xactus Hires Thomas Gallucci as EVP, Strategic Sales
Thomas Gallucci has joined Xactus, a provider of borrower verification solutions for the mortgage industry, as executive vice president, strategic sales.
Gallucci has nearly 20...
Homeowners Have Zero Incentive to Upsize in This Current Housing Market
With mortgage rates now well above 6.5% and home prices rising to all-time highs due to lack of inventory, first-time homebuyers are getting discouraged...
The Leadership Imperative: Creating Adaptable Teams
BLOG VIEW: In a fast-moving industry, being prepared is never enough. It doesn’t take a large disruptor - in the environment, the company, or...
Redfin: Median Down Payment Up 24.1 Percent Year-Over-Year in February
Faced with higher mortgage rates and rising home prices, homebuyers made larger down payments in February, with the median down payment rising to $55,640,...
CoreLogic: Mortgage Delinquency Rate Continues to Hover at Historic Lows
The mortgage delinquency rate fell slightly to 2.8% in January, down 0.3 percentage points compared with December and flat compared with January 2023, according...
Mortgage Rates Decrease Slightly, Helping Some Prospective Homebuyers
Mortgage rates decreased slightly this week, with the average rate for a 30-year fixed-rate mortgage falling to 6.79%, down from 6.87% last week, according...
Planet Home Lending Adds Andy Insua as Regional Sales Manager, Southeast
Andy Insua has joined Planet Home Lending as regional sales manager for the Southeast.
Insua has a diverse financial services background in consumer finance, commercial...
Moody’s Affirms Dovenmuehle’s Servicer Quality with SQ2- Rating
Dovenmuehle Mortgage reports that Moody’s Investors Service has affirmed its servicer quality (SQ) assessment as a servicer of prime residential mortgage loans at SQ2-.
Dovenmuehle...
MBA: Homebuyer Affordability Declined in February
The national median payment applied for by purchase applicants increased to $2,184 in February, up 2.4% from $2,134 in January, according to the Mortgage...
NAR: Pending Home Sales Increased 1.6 Percent in February
Pending home sales increased 1.6% in February compared with January but were down 7.0% compared with February 2023, according to the National Association of...
U.S. Home Prices Dipped 0.1 Percent in January, According to FHFA’s Home Price Index
U.S. home prices fell 0.1% in January compared with December, according to the Federal Housing Finance Agency’s (FHFA) seasonally adjusted monthly home price index,...
Mortgage Applications Decreased Last Week Despite Drop in Rates
Mortgage application volume decreased 0.7% during the week ended March 22, despite a slight decrease in mortgage rates that brought the average rate for...