Latest Updates Around The World
“Mortgage rates rose last week, with the 30-year fixed rate rising to 6.4%, the highest level since early October,” said Joel Kan, MBA vice president and deputy chief economist. “Despite these slightly higher rates, purchase applications increased during the week and remained at a stronger pace than a year ago, with increases in conventional and […]
Trump’s criticism of the Fed has received support from other allies Federal Agency for Housing Financing Director Bill Pulte has called for Powell’s resignation. Powell, meanwhile, has maintained a cautious approach through 2025, citing uncertainty over government-imposed rates. The Fed cut its key interest rate by 25 basis points in September and October. Economists expect […]
The FHFA HPI is a collection of publicly available home price indexes that measure changes in the value of single-family homes using data from all fifty states and more than 400 U.S. cities dating back to the mid-1970s. The index noted that the U.S. housing market has seen positive annual appreciation every quarter since early […]
The demand for mortgage refinancing is 111% higher than last year, an increase fueled by falling mortgage rates and renewed interest from homeowners looking to improve their financial position. Refinancing can certainly be a smart move: a way to lower monthly payments, consolidate debt, or tap into home equity. But this sense of routine can […]
Every few years, someone in the mortgage industry announces that we are witnessing the dawn of the era of superlenders. This time, they say, it’s different. The major players have the technology, capital and market conditions to finally achieve total vertical integration. Soon we will all either be working for a handful of huge institutions […]
In terms of credit performance for these pools, delinquencies of 30 days or more ended the third quarter at 5.65%, little changed from the second quarter but up 33 basis points from a year earlier. Prepayment activity also increased, with conditional prepayment rates reaching 14.1%, while conventional mortgage rates fell to the low to mid-6% […]
“MRED launched the PLN in 2016 to make all properties available to all agents and brokers in the market. We want to prevent the use of shadow networks outside the MLS that could lead to discrimination and exclusion,” the statement said. The answer comes after Zillow published an analysis showing that homes in predominantly white […]
HousingWire recently published an op-ed advocating for FHFA’s Bill Pulte to make Fannie and Freddie’s (the GSE’s) mortgages retroactive. The intention is noble – most mortgage lenders are indeed trapped by low interest rates of the pandemic, draining liquidity from the housing market and preventing these borrowers from moving when they should. The reality is […]
7 key factors 1. Buyers are tired of waiting: Americans have been postponing their moves for almost four years. Some of that latent demand is now being activated. In Sun Belt markets like Austin or Naples, buyers suddenly have ample inventories, less competition, softer prices and incomes that have risen significantly since 2022. Add in […]
The policy, which went into effect June 30, prohibits listings from the site that have been publicly marketed more than one business day before the listing is available for display on Zillow. Compass filed a lawsuit against Zillow in mid-June, just before the enforcement deadline, claiming the policy stifles competition and causes irreparable harm to […]
