Purchase locks fell 12% from June as the conforming share dropped to 47.3%, extending the mortgage market’s shift toward more specialized products
Higher mortgage rates erased June’s improvement in borrower demand during July, but the retreat in overall activity concealed a continued shift in where mortgage production is coming from.Total rate-lock volume fell 11.4% from June as Optimal Blue’s benchmark 30-year conform...
Only 19% would stretch their housing budget, signaling that the next generation of buyers may expect originators to search across markets — not merely across loan products
Gen Z still wants to buy homes. But many would sooner change cities than take on a larger monthly payment.Nearly two-thirds of Gen Z respondents, 63%, said they would relocate to another city or state to afford a home, while only 19% would increase their housing budget, acco...
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