Rates for mortgages backed by Fannie and Freddie continue to ease despite tough talk on inflation from Fed Chair Jerome Powell, but liquidity issues put pressure on bigger loans
In her first interview since the resolution of the debt ceiling crisis, Treasury Secretary Janet Yellen said that while she expects 'some pain' and even consolidation, banks will weather the storm
Shares in regional banks PacWest Bancorp and Western Alliance Bancorp tumble, and TD Bank Group and First Horizon Corp. announce they're pulling out of a merger
Stock market declines and recession concerns stopped the luxury market in its tracks in Q3, with home sales in the top percentile of the market declining 38% year over year, according to Redfin
Failures raise questions about the viability of a small but growing corner of the mortgage business that largely serves self-employed borrowers
Luxury deals are down 18% year over year, and buyers are more cautious than they've been in years, a sign the market is continuing to normalize, according to agents and a new Redfin report
FHA borrowers can expect to pay even higher rates, but lenders are offering discounts on jumbo mortgages too big for Fannie and Freddie, according to new Optimal Blue Mortgage Market data
After 6 months of easing, credit availability tightened by 8.5% in June
Applications for purchase loans and refinancing both up during holiday-shortened week
A new program gives originators better visibility into how lender fees will be presented to borrowers
Climbing mortgage rates have slowed demand for refinance applications, while purchase applications remain strong moving into spring, according to Mortgage Bankers Association
Mortgage applications and refinance applications increased during the week ending Dec. 11, 2020, according to the Mortgage Bankers Association's weekly survey
Opinion
There will certainly be negative impacts on the housing market from COVID-19, but I anticipate that total existing home sales will drop this year by somewhere between 10-15%
Opinion
The 4 major factors are land, labor, material costs and regulatory fees
The average contract interest rate for 30-year, fixed-rate mortgages dropped to 3.45%, its lowest level since the Mortgage Bankers Association began its weekly survey