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Coming Up:
Aug 30, 2024
30-Year FRM Drops Nine Basis Points To 6.35%
Buyers and sellers are still waiting for the right time to jump in
Independent Mortgage Banks Increase Market Share
Growth in servicing and products helps IMBs shine in 2024
MBA Projects 26% YoY Rise In Multifamily, Commercial Lending
A slight drop in interest rates is expected to give the market a boost in the second half of the year.
NAR: Pending Home Sale Index Hits All-Time Low
Contract signings down in all four U.S. regions
Those Just Starting Out Can't Afford A Starter Home
Monthly payments for a starter home are unaffordable for median-income families in half of the 50 largest U.S. metros.
Second Quarter GDP Revised Upward To 3%
That figure is up from the previous estimate of 2.8%, according to the Bureau of Economic Analysis.
Second Quarter Loan Volumes Lagged 2023's Spring Season, Despite Spike
Residential loans increased 23% quarterly, but total residential lending activity is down 1.6% from Q2 2023 and down 61.2% from 2021's peak.
Down Payments Increase 15% Annually In June, Outpacing Price Appreciation
The typical homebuyer’s down payment was 18.6% of the purchase price in June, the highest level in over a decade