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Mortgage rates hit lowest level since Feb 2023
Mortgage rates dropped again this week, extending a months long decline fueled by expectations of a cut in interest rates by the Federal...
Oct 4, 20241 min read
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Confidence rises among home builders
In September, home builder confidence saw a slight uptick as mortgage rates declined, ending four consecutive months of decreases....
Sep 18, 20241 min read
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August job growth steady, with Fed set to cut rates
According to data released Friday by the Labor Department, the US added 142,000 jobs in August and the unemployment rate ticked down to...
Sep 9, 20241 min read
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Mortgage rate optimism jumps significantly
The early stirrings of the spring housing market have been prompted by a notable decline in mortgage interest rates in December. With...
Jan 19, 20241 min read
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Mortgage applications rise 9.9%
In the week ending January 5, mortgage application volume experienced a notable increase of 9.9%, marking the most substantial surge in a...
Jan 17, 20241 min read
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Homebuyers relocation rate drops to 18-month low
Recent data from Redfin indicates a decrease in the percentage of homebuyers opting to relocate, reaching the lowest level in 18 months....
Jan 3, 20241 min read
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Existing home sales unexpectedly rise - Click Here To Learn More
In November, there was a notable growth in existing-home sales, putting an end to a five-month streak of declines, as reported by the...
Dec 29, 20231 min read
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Builder confidence increased in December
The decline in builder confidence over the past four months was halted by the positive impact of falling mortgage rates, signaling...
Dec 20, 20231 min read
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Bill proposes kicking institutional investors out of the U.S. housing market
On Tuesday, Senator Jeff Merkley (D-Oregon) and Representative Adam Smith (D-WA-09) jointly introduced the "End Hedge Fund Control of...
Dec 17, 20231 min read
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FHFA conforming loan limits increase to $766,550
The Federal Housing Finance Agency (FHFA) has approved an increase in the baseline conforming loan limit for mortgages backed by Fannie...
Nov 29, 20231 min read
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Redfin: Over 3% of homes are selling at a loss
A recent report from Redfin, highlighted by Axios, indicates a rising trend of U.S. homeowners selling their properties at a financial...
Nov 28, 20231 min read
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Mortgage applications reach five-week high
Mortgage applications saw an uptick last week, propelled by a continuous decline in mortgage interest rates from their highest point in...
Nov 20, 20231 min read
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Jobs report connection to mortgage rates dropping
The 10-year Treasury note yield, which is closely tied to mortgage rates, experienced a significant drop of almost 20 basis points...
Nov 15, 20231 min read
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Fed president: Underbuilding, not the Fed, broke the housing market
Minneapolis Fed President Neel Kashkari has countered the notion that the Federal Reserve's interest rate policies are responsible for...
Nov 10, 20231 min read
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All-cash home purchases are on the rise
With existing inventory scarce, all-cash purchases are rising, with a notable bump occurring in the new-home market, according to Census...
Oct 30, 20231 min read
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New home sales increase by 12%
In September, sales of new houses surged to the highest rate since early 2022, indicating continued demand for homes, even in the face of...
Oct 27, 20231 min read
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Existing home sales drop to 13-year low in September
In September, the housing market experienced a significant decline in the sales of existing homes, reaching its lowest point since 2010. ...
Oct 24, 20231 min read
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Positive Inflation Trends: A Potential Respite for the Mortgage Market
Inflation seems to be taking a promising turn, and the latest Consumer Price Index (CPI) report brings some encouraging news. Currently,...
Oct 16, 20231 min read
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Homeowners turn to ‘last resort’ insurers
As traditional home insurance providers pull back from disaster-prone areas, homeowners are turning to state-sponsored "last resort"...
Oct 11, 20231 min read
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Exploring the Impact of Fannie Mae's Reduced Down Payment on Multifamily Properties
Key change: the maximum allowable LTV, CLTV, and HCLTV ratios for two- to four-unit, principal residence, purchase, and limited cash-out...
Oct 9, 20231 min read
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