The housing market in 2023 is facing a perfect storm of challenges that is sending shockwaves throughout the industry. Housing prices have been soaring, supply is painfully tight, and to add to... Read more »
Weekly housing inventory data Even though I haven’t been able to hit my target level of 11,000 -17,000 weekly inventory growth levels in 2023 with higher rates, it is clear that higher... Read more »
Average mortgage rates on 30-year fixed home loans continued their march towards 8% this week as the Treasury yield surpassed 5%. Rates have been steadily climbing for seven straight weeks, the longest... Read more »
While existing homebuyers have been battling high mortgage rates for months — which are now at 8% — the builders are wooing buyers with lower rates and incentives. Today, the new home... Read more »
With mortgage rates still hovering around 8%, mortgage applications decreased 1% for the week ending Oct. 20 compared to the week prior, according to weekly mortgage application data from the Mortgage Bankers... Read more »
While the mortgage delinquency rate remains low compared to pre-pandemic levels, the number of delinquent loans ticked up in September, according to the ICE Mortgage Monitor report. The national delinquency rate climbed... Read more »
Weekly housing inventory data One of my concerns with higher rates has been whether new listings data would take another leg lower, which wouldn’t be a good thing for the housing market.... Read more »
Optimal Blue — a provider of secondary market solutions and actionable data services — plans to solidify its position as an end-to-end solution from pricing a loan to hedging, trading and selling... Read more »
Rates on the 30-year fixed-rate mortgage eclipsed 8% this week as the Treasury yield surpassed 4.9% for the first time since 2007, according to one index. Per Mortgage News Daily, mortgage rates... Read more »
As the 30-year fixed mortgage rate increased for the sixth consecutive week to 7.70%, mortgage applications slumped, hitting their lowest level since 1995. Last Monday, in an attempt to calm the markets,... Read more »