ATTOM Reveals Cities Where All-Cash Home Sales Were Highest in 2023
Which markets saw the highest percentage of all-cash home sales in 2023?
According to ATTOM’s 2023 Year-End Home Sales report, the top MSAs with the...
Profit Margins on Home Sales Decreased in 2023 But Remained Near All-Time Highs
While both gross profits and profit margins on home sales remained near record levels in 2023, they decreased from 2022, marking the first declines...
MBA: Purchase Applications Increased Last Week Despite Higher Rates
Mortgage application volume increased 3.7% on an adjusted basis during the week ended January 19, as the average rate for a 30-year, fixed-rate mortgage...
Miki Adams: The Growth of Down Payment Assistance Over the Past Decade
PERSON OF THE WEEK: Down payment assistance (DPA) programs have skyrocketed in popularity during the past two years, in response to the erosion of...
Commercial Mortgage Delinquency Rates Jumped to End 2023
Delinquency rates for mortgages backed by commercial properties increased during the fourth quarter of 2023, according to the Mortgage Bankers Association's (MBA) commercial real...
Despite Higher Rates, Mortgage Applications Surged to Start 2024
Mortgage application volume surged 9.9% during the week ended January 5, despite an increase in mortgage rates, according to the Mortgage Bankers Association’s (MBA)...
Mortgage Applications Fell on Higher Rates to Close Out 2023
Mortgage applications decreased 9.4% during the two-week period ended December 29, as rates began to edge back up, according to the Mortgage Bankers Association’s...
Mortgage Rates Continue to Fall
The average rate for a 30-year fixed-rate mortgage fell to 6.67% this week, down from 6.95% last week, according to Freddie Mac’s Primary Mortgage...
Mortgage Applications Fell Last Week Despite Lower Rates
Despite significantly lower mortgage rates, mortgage application volume decreased 1.5% during the week ended December 15, according to the Mortgage Bankers Association’s (MBA) Weekly...
How Mortgage Lenders Can Prepare for 2024: Emerging Trends, Technologies and Threats
BLOG VIEW: 2023 has been quite a wake-up call for the mortgage industry. Market forces such as low inventory and sustained high home prices,...
Mortgage Applications Surged Last Week on Lower Rates
Mortgage application volume jumped 7.4% during the week ended December 8, as the average rate for a 30-year fixed-rate mortgage fell to 7.07%, down...
Mortgage Applications Increased Last Week as Rates Continued to Fall
Mortgage application volume increased 2.8% during the week ended December 1, as the average rate for a 30-year, fixe-rate mortgage fell to 7.17%, down...
Five Best Practices to Guide the Migration to Digital Lending
BLOG VIEW: Digital lending is looming large over the industry, and lenders are at various stages of incorporating digital processes with many not knowing...
Homebuyer Affordability Continued to Erode in October
The national median mortgage payment was $2,199 in October, an increase of $44, or 1.2%, from September and up $143, or 9.3%, from October...
FHA Raises Loan Limits for 2024, Reflecting the Rise in Home Prices
The Federal Housing Administration (FHA) has set its loan limits for 2024.
Starting January 1, the FHA floor will increase from $472,030 to $498,257 for...
New Home Sales Decreased 5.6 Percent in October
After surging more than 12% month over month in September, sales of new single‐family homes dropped 5.6% in October to a seasonally adjusted annual...
Share of Mortgages in Forbearance Falls as COVID-Related Plans Sunset
The share of mortgage loans in forbearance decreased by 2 basis points to 0.29% of servicers’ portfolio volume as of October 31, according to...
NAHB: Home Builder Confidence Continues to Fall on Higher Rates
Home builder confidence in November fell six points to a score of 34 on the National Association of Home Builders (NAHB)/Wells Fargo Housing Market...
MBA: Mortgage Applications Rise For a Second Straight Week
Mortgage application volume increased for a second straight week, rising 2.8% during the week ended Nov. 10, as mortgage rates continued to dip, according...
Mortgage Applications Up Slightly After 30-Year Drops 25 Basis Points
Mortgage application volume increased 2.5% during the week ended November 3, as the average rate for a 30-year fixed-rate mortgage dropped to 7.61%, down...