Economic uncertainty, rate volatility and mounting worries about the labor market are reducing the pool of potential buyers, putting a damper on the spring homebuying season. Continue reading
Requests to refinance surged 37 percent last week and were up 83 percent from a year ago after the biggest one-week decline in mortgage rates since November, the MBA’s latest weekly lender survey shows. Continue reading
“There was no negotiation over the last couple of years,” Max Stokes of Compass says. But that’s beginning to change — gradually. With a few tips, buyers can prevail at the negotiating table. Continue reading
Like its sister company, Freddie, Fannie Mae remained profitable in Q2 despite pressure from inflation, rising interest rates and worsening affordability, according to earnings released Friday. Continue reading
The latest numbers from Attom Data Solutions show that mortgage lenders issued more purchase loans in the second quarter of the year, but lost ground on the refinancing side. Continue reading
In a new Zillow survey, homeowners ranked refinancing as easier than divorce or following a strict diet, but “significantly tougher” than training a puppy. Continue reading
Demand for mortgages slipped last week as requests to refinance slowed, outweighing the impact of a slight increase in purchase loan applications. Continue reading
The FHFA announced that Fannie Mae and Freddie Mac will begin offering a new refinance product this summer for low-income homeowners. Continue reading
Younger millennials are increasingly entering the housing market for the first time as older millennials drove refinances to peak highs. Continue reading
Mortgage applications dropped 5.1 percent according to the latest Mortgage Applications Survey from the Mortgage Bankers Association. Continue reading