Analysis and Data
Economist: First-time homebuyers finding the door to homeownership 'closed for the season.'
Urban Institute report finds home equity lines of credit increased 46.9% from January to May vs. same period last year.
Homebuyers pull back as mortgage rates top 6% for first time since 2008.
Understanding the current market
Rose 0.1% from July, but dips to 8.3% annually — likely not enough to alter Fed plans for another rate hike.
Investors reduced offerings of ARM, Non-QM loans; HELOCs up slightly.
U.S. price growth slows, but home equity is still making gains.
CoreLogic report, however, says certain types of fraud are increasing.
Black Knight reports that overall rate-lock volume is down 57% year over year.
Predicts a cooler-than-normal winter buying season.