Analysis and Data
Coming Up:
Existing-Home Sales Rise 3.1% in January, But Year-Over-Year Slip Persists
NAR reports mixed trends as housing market recovery faces mortgage rate challenges.
Radiant Prospects: Illuminating Signs Of A Brighter Market Ahead
Experts envision clearer skies in the mortgage forecast over next two years
Florida Originator
Xactus Appoints Michael Crockett As Chief Operating Officer
Crockett will lead operations and strategic initiatives, focused on enhancing customer experience and driving innovation in verification solutions.
FHA Introduces New Payment Supplement To Aid Struggling Homeowners
Originally established as part of FHA's COVID-19 recovery measures, these options are accessible to mortgage servicers to assist all borrowers behind on mortgage payments.
Survey Reveals Persistent Desire For Homeownership
Despite rising rates and soaring prices, majority of survey respondents express readiness to pursue homeownership if mortgage rates fall below critical thresholds.
Mortgage Forbearance Rates Experience Slight Decline In January 2024
Total loans in forbearance decreased just one basis point.
Mortgage Applications Drop Over 10% As Interest Rates Climb
As rates moved up past 7%, mortgage applications dropped over 10%.
Home Prices Continue To Climb, Reaching New Peaks In January 2024
First American's latest HPI report highlights a year-over-year increase and anticipates a market adjustment as potential sellers eye falling mortgage rates, despite some local markets showing signs of cooling.
Housing Market Sends Mixed Signals In January With Varied Construction Activity
Building permits rise year-over-year, signaling growth, while a significant decline in housing starts and completions points to ongoing challenges and market volatility.
Mortgage Applications For New Homes Soar In January
The Mortgage Bankers Association reports a 19.1% year-over-year increase in new home purchase applications, with a seasonally adjusted annual rate reaching 700,000 units, the highest since October 2023.