If mortgage rates fall by another percentage point, ICE Mortgage sees homebuyers’ monthly payment dropping by $236 and nearly 7.2 million homeowners “in the money” for a refinance. Continue reading
Fannie Mae and MBA economists are now in agreement that mortgage rates will come down only gradually this year and next but that home price appreciation will slow. Continue reading
In projections released Monday, economists expect 5.78 million homes to change hands this year, representing a 16.2 percent decline from a year ago — a steeper drop than the 15.6 percent pullback forecast in July. Continue reading
Florida and California are most at risk of experiencing a housing downturn during a recession, according to Redfin. Both states saw exorbitant growth during the pandemic-fueled buying rush. Continue reading
For the first time, Fannie Mae is forecasting all the way out to 2023, when it expects the economy to enter “mature state of the business cycle,” with the risk of another recession moving into focus. Continue reading
Lenders are betting that home prices kept skyrocketing during the third quarter, and that they’ll be able to sell the bigger loans to Fannie and Freddie once the conforming loan limit officially goes up on Jan. 1. Continue reading
Record-breaking home price appreciation is changing borrower behavior and the make-up of the mortgage market, said Black Knight Secondary Marketing Technologies President Scott Happ. Continue reading
National home prices were up 14.8 percent from a year ago, “wiping out any affordability boost” from rising household income and low mortgage rates, said First American Chief Economist Mark Fleming. Continue reading
According to a National Association of Realtors report, healthy job growth, affordable housing and strong home price appreciation will make these metros homebuying hotspots over the next decade. Continue reading
Using housing data from 50 largest cities across the United States, Lending Tree determined that the average American homeowner stays in their home for seven years. Continue reading