The average rate for a 30-year mortgage has been climbing in recent months and now rests 17 percent higher than its all-time low in January, according to Freddie Mac’s latest lender survey. Continue reading
Applications to refinance fell 41 percent from a year ago as rates increased for the third week in a row, according to The Mortgage Bankers Association’s Weekly Mortgage Applications Survey. Continue reading
Speaking before the Senate Banking Committee Federal Reserve Chair Jerome Powell said the recent rise in COVID-19 cases and the emergence of the Omicron variant does pose “downside risks to employment and economic activity and increased uncertainty for… Continue reading
Rapid home price appreciation during the pandemic means loan limits for Fannie Mae and Freddie Mac will make a record-breaking leap in 2022, fueling a debate over whether that’s ultimately in the best interests of would-be homebuyers struggling to find… Continue reading
Alliance could help investors acquire and liquidate individual single-family rental properties, or entire portfolios, more efficiently. Continue reading
Financial markets have already dialed back expectations that the Fed would quickly withdraw its support for mortgage markets and hike short-term rates three times next year. Continue reading
Fed policymakers are prepared to adjust the pace of asset purchases if inflation continues to run hot, minutes of their Nov. 3 meeting show. Continue reading
Purchase loans were up 5 percent last week and applications by homeowners to refinance existing mortgages were up 0.4 percent week over week, according to the Mortgage Bankers Association. Continue reading
Appraisal Institute’s president Rodman Schley is addressing unconscious bias, amping up diverse recruiting and partnering with others who are also working to do what is right. Continue reading
EMerge will operate as a standalone division, leveraging Accurate Group’s property inspection technology and deepening its nationwide broker network. Continue reading