Currently In The News

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