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Analysis and Data
Coming Up:
Mortgage Applications Fall For 5th Straight Week
Homebuyers pull back as mortgage rates top 6% for first time since 2008.
The Perfect Storm
Understanding the current market
MORTGAGE WOMEN
Annual Inflation Dips Again In August, But High Prices Linger
Rose 0.1% from July, but dips to 8.3% annually — likely not enough to alter Fed plans for another rate hike.
Mortgage Lending Standards Tighten
Investors reduced offerings of ARM, Non-QM loans; HELOCs up slightly.
Home Equity Thrives In Q2 2022
U.S. price growth slows, but home equity is still making gains.
Mortgage Fraud Risk In Q2 Fell 7.5% YOY
CoreLogic report, however, says certain types of fraud are increasing.
Mortgage Lending Hit 4-Year Low In August
Black Knight reports that overall rate-lock volume is down 57% year over year.
Redfin: Rising Rates Sap Remaining Energy From Housing Market
Predicts a cooler-than-normal winter buying season.
Black Knight: Home Affordability Hits New 35-Year Low
As mortgage rates hit 5.89%, it takes 35.51% of median income to pay monthly principal & interest.
Mortgage Rates Continue To Rise
Second consecutive increase followed a dip in August.