OJO Labs’ latest homebuyer survey found that Black homebuyers were three times more likely to have a credit score below 660, which inhibits access to down payment assistance programs and agent support. Continue reading
The Federal Reserve restated its intent to keeping a lid on interest rates, saying the pandemic “continues to weigh on the economy, and risks to the economic outlook remain.” Continue reading
Today’s extremes won’t last forever, but there’s no silver bullet to end the crisis, and it’s likely shortages in some form will drag on for years. Continue reading
The iBuyer revised its purchase requirements to include pricier homes, older homes and homes in age-restricted and gated communities. Continue reading
After seven weeks of consecutive increases in mortgage rates, Freddie Mac’s most recent survey shows a decrease, giving borrowers the chance to refinance. Continue reading
The Housing Trust Fund is funded by a fee on Fannie Mae and Freddie Mac and devoted to affordable housing for low- and extremely low-income households. Continue reading
Upward pressure on rates still expected in the long term. Continue reading
Pending-home sales also declined on an annual basis for the first time in eight consecutive months, according to the National Association of Realtors. Continue reading
February’s seasonally adjusted annual rate of 775,000 was down 18.2 percent from January’s revised rate of 948,000. Continue reading
Mortgage experts Ann Thompson and Christian Wallace share how the pandemic changed the mortgage market and what it means for today’s consumers. Continue reading