Analysis and Data
The latest IBD/TIPP Economic Optimism Index, a national poll that measures consumer confidence, dropped for the third consecutive month.
For the fourth consecutive quarter, mortgage lenders expect near-term profitability to decrease, according to Fannie Mae’s Mortgage Lender Sentiment Survey.
With home prices rising at record rates, so to are down payments. Especially those in the 50 largest metros in the U.S.
The U.S. Federal Reserve and Mortgage Rates
What MLOs need to know about housing and inflation
Buying a starter home is more affordable than renting in nearly half of the biggest U.S. metros.
Zombie foreclosures dropped 7% nationwide in the third quarter of 2021, but this figure could increase as the federal moratorium comes to a close.
‘Tappable Equity’ Surged 37% In The Quarter, According to Black Knight Report
Both Mortgage & Refinance Applications Fall In Weekly Survey
Fannie Mae's Home Purchase Sentiment Index was mostly unchanged in August 2021, however, buyers are becoming a bit more optimistic about homebuying conditions.