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Fannie Mae's Home Price Index reveals an increase despite a quarterly slowdown, as affordability challenges persist in a supply-constrained market.
Increasing homeowner willingness to sell, regardless of mortgage rates, coupled with improving affordability signals a potential shift in the housing market dynamics for 2024.
December sees a dramatic 43% increase in rate/term refinances and a decline in purchase and cash-out volumes, driven by falling mortgage rates and a rise in VA loan activities.
Balancing ambitious expectations with practical objectives
Seven key characteristics of people who demonstrate resilience
'Lock-In Effect' keeps majority of homeowners with mortgage rates below 6%
Lawsuits allege negligence and delayed disclosure of the breach, with plaintiffs seeking class action status and monetary damages for affected individuals.
That's 33 basis points over what they were last year at this time.
Q3 2023 industry premium volume drops nearly a quarter year-over-year.