Currently In The News

Rocket CEO says housing isn’t a buyer’s or a seller’s market. Now it’s even

The buyer has a little bit more power or control on their side.

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January 13, 2023

Mortgage rates have peaked along with inflation

The CPI data cooled even though shelter inflation is lagging.

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January 12, 2023

When Will Housing Prices Drop?

Home prices are down month-over-month but still up year-over-year annually. Here’s what you should know about home prices and the other ways they can change.

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January 12, 2023

Here’s what to expect in the housing market this year

Last year was a wild ride in the US housing market. Mortgage rates doubled and sales plummeted, triggering the longest month-to-month slump on record.

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January 7, 2023

Mortgage rate watchers are closely tracking the labor market

With inflation growth rate falling slowly, employment data is now “very key” for 2023.

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January 7, 2023

Mortgage interest rates expected to drop in 2023

After home financing costs nearly doubled in 2022, some relief is in sight for potential homebuyers in 2023.

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January 7, 2023

Logan Mohtashami’s 2023 housing market forecast

Housing went into a recession in June and mortgage volume fell off a cliff. So where does all that drama leave us for 2023?

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December 23, 2022

Have we found the bottom in existing home sales?

Today’s data show a big collapse in demand, but forward-looking application data has gotten better.

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December 23, 2022

Here’s How Many Homeowners Could Be Stuck With ‘Underwater’ Mortgages in 2023

Some recent buyers may find themselves in the predicament of being underwater on their mortgages.

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December 20, 2022

The Worst Is Over for Mortgage Rates Despite Another Fed Hike

The Federal Reserve raised interest rates this week, but that doesn’t mean mortgage rates are going up.

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December 14, 2022

Dave Stevens on understanding this housing market

5 things loan originators need to remember

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December 6, 2022

The housing market downturn is different this time

Low delinquency rates and healthy household net worth point to faster recovery

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November 30, 2022

Economists: Inflation May Have Peaked

CPI slipped to 7.7% in October, the smallest YOY increase since January.

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November 15, 2022

Home equity line of credit and home equity loans

Homeowners are sitting on an estimated $20 trillion worth of home equity, boosting the demand for home equity lines of credit and home equity loans.

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November 15, 2022

Housing market will lead us into a recession, and will lead us out

Mortgage rates won’t move much higher than they are now, economist says

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November 4, 2022

Is the US headed toward a housing crash?

Sharply rising mortgage rates, a steep decline in home sales and a record price slowdown have raised concerns that the housing market could crash.

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November 1, 2022

Zillow: Homes Still Lingering On The Market

Zillow says that since homes are staying on the market longer, sellers need to appease to potential buyers.

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November 1, 2022

What the midterm elections mean for the housing market

A new report by Cowen lays out the implications of the November midterms for the housing market.

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November 1, 2022

Will millennials ever be able to buy a house?

Will millennials ever be able to buy a house?

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October 18, 2022

3 charts showing that we’re not repeating the housing bubble

Mortgage rates have surged to their highest level since October 2008.

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September 27, 2022

Home-buying Strategies in a Changing Market

Despite current challenges, the right tools can enable buyers to land a property.

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September 14, 2022

Homebuyers Might as Well Take the Plunge

Affordability isn’t going to get any better as shrinking inventories ensure prices will rise even if mortgage rates eventually fall.

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September 14, 2022

The Overcapacity That Still Needs To Be Cut

How many mortgage industry layoffs need to happen to balance out falling origination volume?

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September 6, 2022

Housing Economists: Mortgage-rate Volatility

Some housing economists aren’t expecting another big surge in mortgage rates now or in the coming months.

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August 4, 2022

Condo Buying Challenges

Real estate agents, condo associations and mortgage brokers say the new rules from Fannie Mae and Freddie Mac are having a chilling effect on the market.

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July 20, 2022

Interactive Rate Chart

Interactive historical chart showing the 30 year fixed rate mortgage average in the United States.

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June 17, 2022

Why FHFA and GSEs should revisit their pricing framework

Recent pricing changes to high-balance loans and second homes deserve reconsideration.

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June 3, 2022

Proposed VA appraisal law looks to even the playing field

The piece of legislation would allow for desktop appraisals, and in some circumstances, wave appraisals all together.

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June 3, 2022

Future of Condo Lending

Watch the video in the link below to learn more about the future of condo financing from Fannie Mae.

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May 25, 2022

Qualifying with Medical Collections Just Became Easier

Debts that are paid off after they go to collections will be removed, instead of staying on credit reports for up to seven years, Equifax, Experian and TransUnion announced.

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March 21, 2022

What Home Prices Will Look Like In 2023

Heading into 2022, there was a broad consensus in the real estate industry that home price growth would decelerate significantly this year. But just over two months into the new year, some of those same firms are walking back their 2022 forecasts. Zillow was forecasting that home price growth—which was up 18.8% between December 2020 and December 2021—would decelerate to 11% growth this year. Then last month, Zillow revised that rate up to 17.3%.

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March 9, 2022

The True Cost of Homeownership

For many Americans, homeownership conjures thoughts of comfort and financial security.

But that optimism can evaporate if a first-time home buyer isn’t prepared for unexpected costs. Among the 1,000 homeowners we surveyed, 52% admit the true cost of owning a home surprised them

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February 25, 2022

How The 10-Year U.S. Treasury Note Impacts Mortgage Rates

Historically, the 10-year U.S. Treasury yield has been considered a key benchmark for mortgage rates. However, mortgage rates are not actually based on the 10-year U.S. Treasury note (as is commonly believed).

Fixed mortgage rates and Treasury yields generally move together. Why? As a fixed-rate asset, mortgage-backed securities (MBS) are in direct competition with Treasury instruments for investor money.

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February 17, 2022

40% Of Americans Are Considering A Move In 2022

Plenty of Americans are expected to move in 2022, seeking more space to accommodate their new remote working lifestyle. Nearly half of these on-the-go consumers hope to realize their homeownership dreams, according to the latest LendingTree survey. Over 50% of them say they need a Fido-friendly house, while a little less than half require outdoor space to call their own.

LendingTree surveyed 2,100 U.S. consumers to ask about potential relocation plans, refinancing and renovation aspirations for 2022. The key takeaway from the survey was about 40% of Americans are considering a move in 2022.

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February 9, 2022

Fixed Mortgage Rates Hit 20-Month High

What a difference a year makes. One year ago this week, the 30-year fixed mortgage rate sank to its lowest level in history. This week, fixed mortgage rates followed long-term bond yields and rose to their highest levels in 20 months.

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January 6, 2022

Lender Letter

This Lender Letter provides information about changes to loan-level price adjustments (LLPAs) that will apply to second home and high-balance loans.

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January 6, 2022

Human Lenders Are More Valuable Than Ever

The Mortgage Bankers Association (MBA) estimates that lenders helped home buyers with $1.6 trillion of loans in 2021.

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January 5, 2022