NAR finds nearly one-third of repeat buyers pay cash, narrowing the pool of financed purchase transactions for lenders
First-time homebuyers remain largely on the sidelines of the housing market, accounting for just 22% of purchases as older, equity-rich repeat buyers continue to dominate, according to new data from the National Association of Realtors (NAR).The first-time buyer share edged ...
October hiring more than doubled expectations, pushing Treasury yields higher
Mortgage professionals hoping the recent rate rally had more room to run got some unwelcome news Friday.U.S. employers added 165,000 jobs in October, well above the 65,000 economists expected, according to the Bureau of Labor Statistics. The unemployment rate slipped to 4.1%...
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