Tag Archives: Banking & Lending

HomePace to launch homebuyer solution with backing from Lennar

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With $7 million in Series A funding led by LENx, shared equity startup HomePace will launch homebuyer solution that allows buyers to double their down payments. Continue reading →

Homie to expand Power Buyer program amid surge in demand

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The expanded program and a new buy-before-you-sell offer will be unveiled in Colorado and Utah in the next two weeks, followed by Arizona, Nevada and Idaho, executives told Inman exclusively. Continue reading →

Clearing the cash-to-close hurdle in a single bound

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Home affordability is an ever more elusive dream for many in today’s market. Down payment assistance programs can be buyers’ bridge to the reality of owning a home by overcoming the cash-to-close hurdle. Continue reading →

Mortgage rates surge to 5% as era of the ultra-cheap loan begins to fade

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After hovering near 3 percent for nearly two years, mortgage rates have rebounded faster than expected. But amid uncertainty, economists are divided on whether 5 percent rates are here to stay. Continue reading →

Home affordability erodes at fastest annual pace since 2004

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Despite record-high prices, homes remain much more affordable for buyers than they were in 2006. However, buying power has taken a big hit lately. Continue reading →

Biden administration lays out bold plan to combat appraisal bias

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The five-point plan seeks to make the appraisal industry more accountable, arm consumers with assistance, prevent algorithmic bias, cultivate a more diverse appraisal industry, and leverage federal data to benefit research and policymaking. Continue reading →

Mortgage rates dip as Omicron variant triggers market volatility

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Thirty-year mortgage rates fell to 3.05 percent, down 7 basis points from the week prior, according to Freddie Mac’s most recent lender survey released Thursday. Continue reading →

Before the Fed sped up tapering, mortgage rates saw little change

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With mortgages likely getting more expensive for borrowers down the road, the rates for 30-year loans have been holding steady for weeks. Continue reading →

Zillow listings now link buyers with down-payment assistance info

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The Seattle-based home portal has added a new listing feature that connects a buyer with details about down-payment programs in their area. Continue reading →

Markets remain volatile, but mortgage rates stay the course

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The average rate for a 30-year, fixed rate loan was 3.10 percent this week, according to Freddie Mac’s latest lender survey. Continue reading →