Redfin Reports Price Drops Hit Highest Level in 18 Months As High Rates Dampen Buyer Demand
More home sellers are cutting their asking price, suggesting sale-price growth could soften in the coming months. But this week, the median sale price rose to another record high, pricing out some buyers. SEATTLE--(BUSINESS
US Economy News Today: Housing Market Outlook Dims As Pending Sales Fell in April
Welcome to Investopedia's economics live blog, where we explain what the day's news says about the state of the U.S. economy and how that's likely to affect your finances. Here we compile data releases,
Fannie Mae Releases April 2024 Monthly Summary
Fannie Mae's (OTCQB: FNMA) April 2024 Monthly Summary is now available. The monthly summary report contains information about Fannie Mae's monthly and year-to-date activities for our gross mortgage portfolio, mortgage-backed securities and other guarantees, interest rate risk
GO MORTGAGE AND PACRES MORTGAGE ANNOUNCE MERGER
GO Mortgage and PacRes Mortgage today announced they entered a merger agreement. The transaction, expected to close in the third quarter of 2024, will create a more robust and innovative mortgage lender. Combined Strength
CFPB Launches Inquiry into Junk Fees in Mortgage Closing Costs
Rising fees are draining down payments, pushing homeownership out of reach WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today launched a public inquiry into junk fees that are increasing mortgage closing costs. The CFPB wants
ICE Mortgage Monitor: Home Prices Cool for Second Straight Month in April as Purchase Demand Softens, Inventory Deficits Improve
The number of homes for sale has been gradually improving on softer purchase demand in this spring’s higher interest rate environment, as inventory hit its highest seasonally adjusted level since mid-2020 Nearly 90% of
Dave Hershman: Is Two Months a Trend?
The Federal Reserve’s Open Market Committee (FOMC) meets again next week. Some months ago, market analysts were 50/50 on a bet regarding a decrease in short-term rates at the Fed’s June meeting. Then came
Zillow predicts more homes for sale, improved affordability in 2024
Home buying will remain expensive, so expect a competitive market for homes that need some work and for single-family rentals Affordability will remain a challenge, but Zillow expects buyers to have more options and
CoreLogic: US Overall Mortgage Delinquency Rate Remains Near Record Low in September
The national mortgage delinquency rate was 2.8% in September, unchanged year over year but still similar to numbers recorded over the previous 18 months. September marked the first month in more than two years
Mortgage Rates Drop for the Fifth Consecutive Week
Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 7.22 percent. “Market sentiment has significantly shifted over the last month, leading to a continued