Analysis and Data
In report to Congress, agency says VA loans have risen to 45% of its MBS portfolio over 10 years.
NAHB says the percentage offering deals remains below 2008 levels.
Index increased 0.6 points in November after hitting all-time low in October.
Areas with more affordable housing should see relatively healthier markets and stronger sales in 2023.
The latest survey showed mortgage applications decreased 1.9% from last week.
Inflation, high interest rates among reasons cited.
Predicts mortgage rates and affordability challenges will deter would-be homebuyers.
A summary & review of key economic data that affects the mortgage and real estate business.
The volume of both rate/term and cash-out refi locks was down more than 86% YOY.
Black Knight says the housing market correction has only just begun.