Analysis and Data

Despite a resilient housing market, the group forecasts a subdued growth into 2024; cites "higher for longer" stance by Federal Reserve on inflation.

While FOA faces tangible equity erosion and continuous covenant breaches, peers like Rocket and United Wholesale Mortgage showcase resilience.

Joint proposal would reduce spread between mortgage rates, Treasury bonds.

The 30-year fixed rate hits 7.57% amidst market turmoil; homeowners hold onto historically low rates and purchase demand plummets to 30-year lows.

September's consumer price data fuels debate on Fed's future moves; economists foresee a potential slowdown in rate hikes as housing market dynamics shift.

Redfin and Zillow reports highlight unusual market dynamics; homeowners seem undeterred by historic mortgage highs while buyers are urged to navigate with savvy.

September sees 20% drop in rate lock volumes, marking a four-month downward trend, amidst rising interest rates and seasonal purchase fluctuations.

ATTOM report reveals a 34% yearly surge; states like North Carolina and Louisiana see steepest increases.

The Mortgage Bankers Association’s data reveals a modest increase in applications, but overall activity remains subdued as interest rates hit their highest levels since 2000.

Younger Hispanic homebuyers grapple with high prices and denial rates, yet remain optimistic about dominating the housing market future.