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Coming Up:
U.S. Foreclosure Starts Increased 18% In July
July 2024 saw 31,929 properties with foreclosure filings, with the greatest numbers of foreclosure starts in California, Florida, and Texas
Refinance Applications Up 118% Year-Over-Year
Mortgage applications increased almost 17% for the week ending Aug. 9
Key Promotions Poise Angel Oak Towards Continued Success
Tom Hutchens appointed President of Angel Oak Mortgage Solutions
Inflation Slows To 2.9% In July
Core inflation — less food and energy — remains slightly higher than the all items index
Realtor.com Forecasts Mortgage Rate Relief By End Of 2024
Realtor.com's midyear, revised update for its 2024 Forecast predicts mortgage rates will end the year at 6.3%.
Planet Home Lending Acquires Certain Retail Assets Of Axia Home Loans
The acquisition was confirmed Aug. 13 in a release from Planet Home Lending
Fairway Independent Mortgage Announces Executive Promotions
Haley Parker has been named Chief Marketing and Business Development Officer, and Brittny Hovland has been promoted to Senior Vice President of Operational Support
Low Affordability Opens Window For Riskier Financing
A growing share of borrowers are over-leveraged as piggyback mortgages rise in popularity and necessity
Existing Single-Family Home Prices Hit Historical Highs In Q2 2024
National Association of Realtors records highest median home price in a single metro area since 1979