MBA forecaster Joel Kan sees the uptick in loan requests as a “potentially a good sign for the spring home buying season, which has seen…
Posts published in “mortgage rates”
Citing impact of rising rates on mortgage originations, Mr. Cooper laid off 250 workers during the first quarter, with more reductions in store. Source: Inman…
Pending home sales dipped for the fifth-straight month in March, with the Pending Home Sales Index dropping 1.2 percent from February to 103.7, according to…
ARM loans accounted for 17 percent of mortgage applications by dollar volume, with the average borrower seeking a $728,900 loan. Source: Inman News
New home sales took an 8.6 percent hit in March as rising home prices and mortgage rates made homebuyers think twice before purchasing a new…
Zillow now expects home value growth to reach 14.9% through March 2023, down from its previous estimate of 16.5% growth. What’s with the downgrade? Source:…
Total existing-home sales dropped by 2.7% from February 2022 and by 4.5% from March 2021 to a seasonally adjusted annual rate of 5.77 million, according…
Home sales now expected to decline by 7.4 percent this year and 9.7 percent in 2023, a dramatic adjustment from March, when Fannie Mae forecast…
Privately owned housing starts increased 0.3 percent from revised February figures to a seasonally adjusted annual rate of 1.79 million, according to US Census Bureau…
Nearly 4 percent fewer homes sold in March than did the month before, after accounting for seasonal factors. Prices rose by 6 percent, the largest…