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August New Home Purchase Mortgage Applications Increased 20.6 Percent
The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for August 2023 shows mortgage applications for new home purchases increased 20.6 percent compared from a
5 Pros & Cons of Reverse Mortgages
Are you a homeowner or someone who's about to retire from your job? If yes, then you might have given the TV or radio ads about the reserve mortgages a thought. According to Statista, the number of people who will get Social Security benefits has reached 48.59 million in 2022
Just-Released Report Identifies Solutions for Closing Chicago’s Racial Homeownership Gap
The report’s policy recommendations are the result of work between community organizations and different kinds of mortgage lenders, as part of the Mortgage Access Initiative led by Woodstock Institute and Neighborhood Housing Services
Large Metro Markets Show Biggest Slowdown in Single-Family Construction
Rising mortgage rates and elevated construction costs have taken a toll on the pace of single-family construction in markets across the nation, with the slowdown most pronounced in large metro
New Home Sales Increase in July Despite Higher Mortgage Rates
Low existing inventory and solid demand more than offset rising mortgage rates and elevated construction costs to boost new home sales last month. Sales of newly built, single-family homes
Mortgage Application Payments Flat in July
Homebuyer affordability in July was challenging but mostly unchanged from June, with the national median payment applied for by purchase applicants remaining at $2,162. This is according to the Mortgage Bankers Association's (MBA) Purchase
July New Home Purchase Mortgage Applications Increased 35.5 Percent
The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for July 2023 shows mortgage applications for new home purchases increased 35.5 percent compared from a
What Are The Services May Buyers Utilise From A Real Estate Agency?
You might be wondering whether hiring a real estate agent is turning into a thing given the recent growth of services that assist purchasers and sellers in their own real estate transactions. Helping customers navigate the challenging process of purchasing or selling a house is the main service provided by real estate brokers.
7 Important factors to consider when buying a home.
Embarking on the journey of purchasing a new home is indeed an exhilarating milestone, one that evokes a sense of accomplishment and future security. However, it can also be a path strewn with stress and uncertainty. But worry not - the process doesn't necessarily have to be daunting
USDA Launches Pilot Programs to Increase Affordable Homeownership Opportunities for People on Tribal Lands
U.S. Department of Agriculture (USDA) Rural Development Acting Under Secretary Roger Glendenning today announced that USDA
Almost 60% of Metro Areas Posted Home Price Gains in the Second Quarter of...
Almost 60% of metro markets (128 out of 221) registered home price gains in the second quarter of 2023 as 30-year fixed mortgage rates oscillated between 6.28% and 6.71%, according
Mortgage Credit Availability Decreased in July
Mortgage credit availability decreased in July according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes data from ICE Mortgage Technology. The MCAI fell by 0.3 percent to 96.3
New Home Sales Cool in June on Higher Mortgage Rates
Rising mortgage rates and elevated construction costs put a damper on new home sales last month.
Sales of newly built, single-family homes in June fell 2.5% to 697,000 seasonally
Home Equity Lending Volume Rose in 2022
Originations of open-ended Home Equity Lines of Credit (HELOCs) and closed-end home equity loans increased 50 percent in 2022 compared to two years earlier. This is according to the Mortgage Bankers Association’s (MBA) Home Equity Lending Study, released
Single-Family Starts Decline in June but Permits Post Solid Gain
Single-family production fell back after four straight monthly gains as elevated construction costs and rising mortgage rates led to a reduction in home building activity and affordability
June New Home Purchase Mortgage Applications Increased 26.1 Percent
The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for June 2023 shows mortgage applications for new home purchases increased 26.1 percent compared from a
MISMO Releases Latest Version of the MISMO Life of Loan Process Model
MISMO®, the real estate finance industry's standards organization, today announced the final release of the latest version of the MISMO Life of Loan Process Model.
House Passes Bill to Make New Mortgages More Expensive for Low-Wealth Americans
The U.S. House of Representatives passed H.R. 3564, a bill that would reverse the Federal Housing Finance Agency’s (FHFA’s) recent update to the pricing of home loans that Fannie Mae and Freddie Mac buy.
Mortgage Application Payments Increased 2.5 Percent to $2,165 in May
Homebuyer affordability declined further in May, with the national median payment applied for by purchase applicants increasing 2.5 percent to $2,165 from $2,112 in April. This is according to the
zavvie delivers Power Buying services to the mortgage industry, expansion enabling more buyers to...
zavvie, a software technology company modernizing real estate brokerages with customized buying and selling solutions, is