News & Events

Homebuilders growing very concerned about affordability

Still, builder confidence increased for second month in a row Homebuilder confidence continued to rise in October despite increasing affordability issues due to rising material prices and ongoing shortages, according to the latest National Association of Home Builders (NAHB) and Wells Fargo Housi...

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FHFA to make desktop appraisals permanent

FHFA Acting Director Sandra Thompson also announced expansions to the eligibility requirements for refinance programs geared toward low-income borrowers Desktop appraisals, a temporary flexibility implemented in March 2020 to keep the mortgage industry afloat amid lockdowns and social distancing, wi...

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Homebuyers brush off higher mortgage rates

Rates reached 3.18% during the week that ended Oct. 8 Mortgage application activity was largely flat for the week ending Oct. 8, despite mortgage rates reaching their highest level since June. That’s according to the latest mortgage application survey from the Mortgage Bankers Association, which...

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