Last fall when people were still expecting mortgage rates to be falling this year, it was common to assume rates would be in the low 6s or 5s this year and people... Read more »
The elevated interest rate environment has brought an old product, the assumable mortgage, back into fashion. But a landscape of strict regulations, product limitations and operational inefficiencies hamper its widespread adoption. Assumable... Read more »
We’ve all experienced that liberating feeling when you confront a serious issue with an honest and open conversation. It’s like a weight lifted off your shoulders, right? Well, those are the types... Read more »
In a surprising turn of events, housing prices have experienced a remarkable surge of 6.6% since January, defying the odds posed by escalating mortgage rates. This upward trajectory, highlighted by the S&P... Read more »
UWM Holdings Corporation, the parent of United Wholesale Mortgage (UWM), produced lower mortgage origination volume in the third quarter of 2023 than the previous quarter – and more declines are expected to come. But... Read more »
We may be nearing the bottom in home sales even if mortgage rates don’t decline. As a result, there may be a light at the end of the tunnel in this crazy... Read more »