Analysis and Data
Purchase applications hit their lowest since 1995, while ARMs surge by almost 10%, reflecting a market adjusting to near 23-year high interest rates.
Fitch Ratings says non-bank mortgage companies might grapple with challenges due to subdued origination volumes and prevailing high-rate environment.
House price indices show price tags not letting up.
The lack of consistent record-keeping on desktop appraisal reports could pose risks to financial safety, with the OIG pushing for increased transparency and improved monitoring.
Fannie Mae survey reveals a blend of financial and non-financial factors behind homeowners' decisions to stay put, with aging-in-place and home attachment also playing pivotal roles.
Foreclosures rise as 'zombie properties' persist, but overall impact minimal on booming market.
As consumer spending outpaces forecasts, concerns arise over stagnant incomes; Federal Reserve to consider this crucial data in its upcoming policy meeting.
Amid strategic acquisitions and a potential mortgage unit spinoff, CEO highlights company's vision to lead the global asset management arena.
Freddie Mac reports consecutive rise in rates for the seventh week, pushing potential buyers to reconsider as affordability becomes a significant barrier.
National Association of Realtors points to potential recovery led by Midwest and South, while emphasizing homebuilders' role in replenishing housing inventory.