ARM loans accounted for 17 percent of mortgage applications by dollar volume, with the average borrower seeking a $728,900 loan. Source: Inman News
Posts published in “mortgage rates”
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…
Although Wells Fargo executives did not explicitly mention impending layoffs during a Q1 earnings call on Thursday, the company has been closing branch offices. Source:…
“Our goal is not necessarily to expand a ton into new markets,” Divvy CEO Adena Hefets told Inman ahead of Inman Connect New York next…
High home prices are expected to drive a record $1.72 trillion in purchase mortgage originations in 2022, even though rising mortgage rates could put a…