Latest News Category: News

The Federal Reserve cut interest rates by a quarter point on Wednesday; contract closings increased 4.8% to an annualized rate of 4.15 million in November; November mortgage applications to purchase a new home increased 7.2%; mortgage rates decreased for the third straight week; and the past two weeks have brought the highest combined two-week increase […]

Mortgage applications increased 5.4% from one week earlier; alternative mortgages, such as non-QM, have seen double-digit growth recently; refinance surged in September and October, as more than 300,000 mortgage refinances closed – the most in 2.5 years; credit availability tightened considerably in November; and the median listing price fell by 1.2% year over year, while […]

Home prices continued to cool in September as homebuyers struggled with inflation fatigue, according to the latest CoreLogic S&P Case-Shiller Index; mortgage application payments increased by 4.2%; new home sales dropped sharply in October after a strong showing in September; the NAR’s 2024 Migration Trends Report shows that people are heading south for more affordable […]

Mortgage applications increased 1.7% from one week earlier, and new home purchase mortgage applications increased 8.2% in October; data shows that sales of previously owned homes rose 3.4% in September; for the first time since 2010, homes with low natural disaster risk gained value faster than high-risk homes; and there was a 1.9% quarterly increase […]

This week, mortgage applications increased by 0.5%; a new report shows that U.S. homeowners withdrew $48 billion in equity in the third quarter of 2024; a survey explains why homeowners would rather leverage their equity than sell; the median listing price fell for the third week in a row; the number of new listings on […]

This week, data shows that September home sales dropped to their lowest level since 2010, although new single-family home sales had their best performance in more than a year and a half; mortgage applications decreased 6.7%; TPO purchase originations accounted for almost a quarter of market share between 2018 and 2023; and the housing market […]

This week, data reveals that September new home mortgage applications increased 10.8% from last year; home sales rose 3.2% year over year during the four weeks ending October 13 – the biggest increase in three years; mortgage applications decreased 17% from one week earlier; rates climbed higher to 6.52%; and the median listing price has […]

This week, homebuyers locked in nearly 70% more mortgages by Sept. 23, 2024, than they did a month earlier; mortgage refinancing is expected to increase; real estate value and equity hit an all-time high in the second quarter of 2024; mortgage rates inched higher; mortgage applications decreased; and falling mortgage rates, now at a two-year […]

For the third straight week, mortgage rates fell; mortgage applications increased by 11 percent, while application payments decreased by 3.9 percent; pending home sales inched up 0.6 percent; home prices continue to reach all-time highs, although they have begun to decelerate on a monthly basis; and with lower rates and more inventory, the market is […]

This week, the Federal Reserve announced a half-point rate cut; mortgage rates continue to drop and housing starts are increasing; housing payments posted the biggest decline in four years; mortgage applications increased 4.4 percent; 2024 will close with the slowest pace of sales since 1995; and there’s a growing sense of optimism as we’re closing […]