News & Events

NAR: Home prices stifled existing home sales in August

Homebuyers seem to be waiting for more inventory August marked a slowdown in the purchase market, with existing home sales dropping by 2%, according to a monthly report published by the National Association of Realtors. The decline marked a break in two-straight months of increases, the trade group...

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Refis stubbornly make a bit of a comeback

The refi index increased by 7%, pushed by an increase in FHA and VA applications The week following Labor Day saw a flurry of mortgage loan application activity, with volume jumping by 4.9% for the seven days ending Sept. 17, according to the Mortgage Bankers Association. Refis were on the front fo...

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Mortgage rates continue to idle at 2.88%

The average 30-year-fixed mortgage rose, ever so slightly, to 2.88% for the week ending Sept. 23, according to Freddie Mac‘s latest PMMS survey. Mortgage rates have been roughly flat for months now. “The slowdown in economic growth around the world has caused a flight to the quality of the U.S....

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Homebuilders are targeting the exurbs and inner suburbs

Lumber prices ease and housing demand remains strong Confidence among homebuilders steadied over the past month despite continuing material and labor challenges, according to the latest National Association of Home Builders (NAHB) and Wells Fargo Housing Market Index (HMI) report. The report is...

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Servicer call volume up as borrowers exit forbearance

The total number of loans in forbearance dropped by 15 bps to 3.08% as of Sept. 5, according to MBA’s survey After a slight lull, forbearance numbers across the board have started to lurch downwards, with the total number of loans dropping by 15 basis points to 3.08% as of Sept. 5, according ...

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