The Federal Reserve is raising interest rates, and that’s led some to worry that mortgage rates will spike and put an end to the housing boom in the United States. Not so... Read more »
New home sales missed sales estimates, but the builders’ stocks have been roaring higher. What gives? There are two key things to remember before I go into the report’s details. Mortgage rates... Read more »
The year ahead promises to offer the housing industry some relief, compared with a grueling 2023, but it is likely to be only a small bounce forward toward a healthier market. The... Read more »
Mortgage rates stayed below 7% for the second week in a row, a welcome relief after a 17-week streak of above-7% rates. This week’s dip is the largest weekly drop since November... Read more »
While delinquencies remain low overall, the number of delinquent loans ticked up in November, according to the latest ICE Mortgage Monitor report. Furthermore, the delinquency rate among FHA loans is at a... Read more »
Mortgage rates fell for the eighth consecutive week, giving cash-strapped home buyers some relief as the new year approaches. The average interest rate on the popular 30-year fixed mortgage clocked in at... Read more »
Dovenmuehle Mortgage, a mortgage sub-servicing company, has informed authorities in Illinois that it will impose a layoff affecting hundreds of employees next year. The company has decided to cut 212 jobs in... Read more »
There’s no higher honor than serving in the United States Military, which I deeply understand as a former Army sergeant. And, like many of my fellow service members, I’ve experienced firsthand the... Read more »
Housing starts rose in November, significantly beating expectations. New construction rose to a seasonally adjusted annual rate of 1,560,000, according to the U.S. Department of Housing and Urban Development and U.S. Census... Read more »
Zillow is the site people visit to see how much their home (or their neighbor’s) is worth. But the company is not content only serving real estate voyeurs. It wants a bigger... Read more »