The Fremont, California housing market has been on a steady upward trend for the past few years. In October 2023, the median home price in Fremont was $1.6M. This represents an increase... Read more »
Mortgage rates headed lower this week as the 10-year Treasury yield dropped below 4.3% for the first time since September, according to new data from Freddie Mac. The 30-year, fixed mortgage rate... Read more »
If you are thinking of buying a home or refinancing your existing mortgage, you might be wondering why mortgage rates are so high in 2023. Mortgage rates have been climbing steadily since... Read more »
Nine months after requesting input from the industry, the Federal Housing Administration (FHA) issued a proposal on Wednesday to enhance its rehabilitation program. The updates include increases in the maximum rehabilitation costs for the... Read more »
Bright MLS released its National Housing Market Outlook on Wednesday, which shows that affordability will remain the biggest challenge for homebuyers next year. Homebuyer traffic will increase in 2024, fueled by lower... Read more »
The housing market has been through its share of ups and downs, but one thing remains clear: 2023 is still a seller’s market. In this article, we’ll explore the reasons behind this,... Read more »
Assessing key performance indicators and operations during current industry headwinds is a great way for mortgage lenders to set themselves up for success now and in the future. In particular, lenders should... Read more »
A lot of people ask, “When should I buy? What part of the real estate cycle should I buy in? Should I buy in a down market? Are the values going to... Read more »
The Mortgage Bankers Association (MBA) has appointed Rachel Kelley as vice president of legislative affairs. In her new role, Kelley will be responsible for advocating on behalf of MBA’s legislative and policy... Read more »
As of now, the current Fed interest rate is 5.25% to 5.5%. This is a 22-year high. The Federal Reserve kept the target range unchanged in its September 2023 meeting. However, the... Read more »