What Does the Fed’s Rate Hike Mean for the Housing Market?
In the wake of the Federal Reserve’s decision to move forward with its long-hinted-at half-percent interest rate hike, two leading real estate industry economists said they don’t expect the recent rapid rises in mortgage rates to continue through to the...
As Mortgage Rates Rise, Housing Affordability the Worst in Years
By three different measures, the cost of buying a home in America is going through the roof – so high that one analysis says housing affordability is the worst it’s been since 2006. Calculations Zillow released earlier this month estimate the monthly mortgage...
MBA: ‘Remarkable’ Forbearance Recovery
The number of borrowers in forbearance has dropped in less than two years by nearly 4 million in what the Mortgage Bankers Association called a “remarkable recovery.” In its monthly Loan Monitoring Survey released this week, the MBA said the total number of loans now...Mortgage Applications Drop Slightly in Latest MBA Survey
Mortgage applications decreased 1.3 percent from one week earlier, according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending April 8, 2022. However, both conventional and government purchase applications increased....This Week’s Paper: Digital Edition
