Analysis and Data
Zillow report shows FTHB now make up 50% of all buyers
Elevated interest rates and housing market challenges deter potential buyers; ARM applications see a rise as homebuyers weigh options.
Despite a minor increase in short-term delinquencies, the broader mortgage health reflects stability as foreclosure initiations and serious delinquencies drop.
Existing-home sales decline across most U.S. regions; rising mortgage rates and limited inventory dampen buyer optimism.
While economic and personal financial concerns intensify, many overlook vast home equity potential as a financial cushion.
Mike Fawaz addresses concerns about competition, emphasizing the firewall between retail and wholesale and Rocket Pro TPO's commitment to the broker community.
Fed survey depicts a labor market with improved job satisfaction but mounting concerns about future employment.
30-year mortgage rate could hit 8% amid federal reserve rate hikes; home inventory dips to historic lows.
Total mortgage originations will remain flat for remainder of the year
Median home values increase after period of decline in majority of zones targeted for economic redevelopment.