A homebuyer on a $2,500 monthly budget can once again afford a $400,000 home.
David Krechevsky was an editor at NMP.
A homebuyer on a $2,500 monthly budget can once again afford a $400,000 home.
Freddie Mac reports 30-year, fixed-rate mortgage falls to 6.09%.
First American says deal expands its ability to serve the Rocky Mountain region and surrounding markets.
Nearly half of mortgaged homes remain equity-rich, while level of seriously underwater mortgages remains unchanged.
In January, inventories rose and price-growth leveled off as mortgage rates continued to decline.
Rate hike is 8th since March 2022.
The certificates are supported by 796 loans with a balance of $330.37 million.
Bank will close channel in Q1 of 2023; commercial construction & land development business will not be affected.
Forward commitments and the Lock 'N' Sell rate-lock program can be used on both conventional and government loans.
After rising for 3 weeks in a row, the MBA's Market Composite Index fell 9% on a seasonally adjusted basis.