Rising mortgage rates and limited inventory cast a shadow on real estate market.
Pending home sales dropped 1.5% in October, according to the National Association of Realtors (NAR). It marks a concerning trend for the housing market and reveals a challenging landscape for potential buyers and sellers, influenced by factors such as rising mortgage rates a...
Earnings snapshot shows ongoing cuts, servicing stemmed the bleeding amidst higher rates.
Graph 1: Comparison of top lenders production in 2022 Q3, 2023 Q2, and 2023 Q3. Graph 2: Comparison of top lenders production margins, or gain on sales, in 2022 Q3, 2023 Q2, and 2023 Q3. Those third-quarter earnings for mortgage lenders have come in. While it looks like m...
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