After 4 weeks of declines, volume jumped more than 7% last week.
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David Krechevsky was an editor at NMP.
After 4 weeks of declines, volume jumped more than 7% last week.
Mortgage Credit Availability Drops Again, Leaving Borrowers High and Dry
Says move will improve liquidity and loan-to-deposit ratio.
Core inflation rose 5.3%, raising speculation the Fed will pause rate hikes in June but resume them in July.
Monthly home value growth of 1.4% is the highest since June 2022.
Black Knight says locks remain suppressed by high rates, lack of inventory.
Legislation would restore single-family pricing framework to what existed before May 1, 2023.
Filings rose 7% from April and 14% from a year earlier.
The 30-year fixed-rate mortgage averaged 6.71%, down 8 basis points from the previous week.
Addresses reconsiderations of value (ROV) for residential real estate transactions.