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As of July 21, the 30-year, fixed-rate mortgage averaged 5.54% with an average 0.8 point.
Economic research team says there’s a 50% chance for a recession
So far, the enterprises combined have built $83.5 billion in reserves, or about 27% of the target.
Fannie Mae’s Economic and Strategic Research Group forecasts real GDP will increase 0.1% in 2022 and decrease 0.4% in 2023.
Are people moving to less expensive metros?
Equating non-bank mortgage companies to banks is misguided for several reasons.
Why Smaller May Be More Successful During Down Economic Times
As the market adjusts to a post-pandemic norm with higher mortgage rates, housing market potential will subside from recent highs, according to First American.
The Value Of A Creative Perspective