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Mortgage Rates Inch Upward To 7.18%

Homebuyers advised to shop around.

Analysis and Data
Too Many Blockades Stopping Would-be Homebuyers

Housing analysts attribute low pending home sales to a variety of factors.

Analysis and Data
Mortgage Applications For New Homes Surge In August 2023

New home sales fueled by first-time buyers and low existing inventory, despite higher mortgage rates; MBA's survey indicates 702,000 units sold at peak pace in three months.

Analysis and Data
Snapdocs Promotes Michael Sachdev to CEO

Founder Aaron King becomes executive chairman.

People On The Move
Tech
Jersey City Investor Sentenced For $400K Mortgage Fraud

Anthony Garvin's fraudulent HELOC operation causes significant losses; accomplices await sentencing.

Courts
Mortgage Default Risk Shows Divergent Trends for Major GSEs in Q2 2023

Fannie Mae and Freddie Mac exhibit contrasting risk trajectories, while purchase loans dominate in a high-interest rate environment.

Analysis and Data
Will the Mortgage Rate Spread Narrow or Not? That is the Question

Shifts in primary, secondary, and demand components of mortgage spreads challenge affordability; analysts predict rates may stabilize between 6.5-7.5% for the year.

Analysis and Data
Opinion
US Mortgage Corp Welcomes New Executive

Industry veteran Nino Saso named chief production officer.

People On The Move
Return-to-Office Policies Motivating Home Sellers To Relocate

Home sellers in high-cost areas face tough choices as employers change work from home policies.

Analysis and Data
Fuel, Food, and Shelter Drive Consumer Price Index Spike

Gasoline prices fuel more than half the increase; Federal Reserve faces pressure ahead of upcoming interest rate decision.

Analysis and Data