Analysis and Data
The numbers reflect ongoing industry consolidation and reduced loan programs.
Homebuyers and homeowners rush to secure mortgages as rates rise, with a 9.9% increase in applications despite the holiday season.
Financial services companies grappling with growing cyber threats seek backup loss mitigation and enhanced security measures, says industry expert.
Northeastern states lead the surge in home price appreciation, while CoreLogic's forecast predicts a slower 2.5% growth rate by November 2024.
Inflation and earnings dip, but credit access and financial optimism brighten the economic landscape, reveals NY fed's survey.
December HPSI records notable 2.9 point surge to 67.2, driven by anticipation of lower mortgage rates, yet homebuying conditions remain cautious.
Robust job growth surpasses expectations, marking a strong finish for the labor market in 2023, while the Federal Reserve hints at no further interest rate hikes.
Experts predict potential downward drift in mortgage rates, but many prospective buyers seek lower rates to enter the market.
ADP's National Employment Report reveals continued job growth, with December figures exceeding estimates and revising November numbers down slightly.
Median mortgage payment of $2,361 reported during the four weeks ending Dec. 31, marking a $372 per month decrease.