More Americans think mortgage rates will fall if Trump wins
If approved, the settlement would leave legal concerns over free speech, race-based affirmative lending, and the use of data in modern-day redlining lawsuits “without adjudication of any issue of fact or law.”
Nonfarm payrolls increased by only 12,000 as strikes in the airline industry and recent hurricanes distorted the data collected.
Purchase acquisition volume increased to $80 billion in the third quarter from $74.5 billion in the second quarter.
As lock-in effects persist, an era of concentrated demand among first-time homebuyers overlaps with an era of increasing unaffordability.
Lower rates usher in more purchase and refinance activity
Newrez, Rithm's mortgage subsidiary, recorded a pre-tax income of $245.9 million.
While monthly principal, interest, and property tax obligations are up an average 15-17% since the beginning of 2020, the average monthly property insurance payment is up a staggering 52% over that same period.