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The intersection of homeownership and racial disparity was in the spotlight with a new data analysis of mortgage denial rates based on race and a surprise announcement that the federal government is taking a second look at charges of racial discrimination
The intersection of homeownership and racial disparity was in the spotlight with a new data analysis of mortgage denial rates based on race and a surprise announcement that the federal government is taking a second look at charges of racial discrimination in Facebook’s advertising platform.   An... Keep Reading....
Sales of new single-family houses in February 2018 at a seasonally adjusted annual rate of 618,000, according to estimates released the U.S. Census Bureau and the U.S. Department of Housing & Urban Development (HUD)
Sales of new single-family houses in February 2018 at a seasonally adjusted annual rate of 618,000, according to estimates released the U.S. Census Bureau and the U.S. Department of Housing & Urban Development (HUD). February’s sales level is 0.6 percent below the revised January rate of 622,... more
Mortgage rates took a scant uptick in Freddie Mac’s Primary Mortgage Market Survey (PMMS), offering an anemic bounce back to last week’s rate drop, which was the first for 2018
Mortgage rates took a scant uptick in Freddie Mac’s Primary Mortgage Market Survey (PMMS), offering an anemic bounce back to last week’s rate drop, which was the first for 2018.   The 30-year fixed-rate mortgage (FRM) averaged 4.45 percent for the week ending March 22, up from last week when it... more
The national median rent appreciated at its fastest pace 21 months, according to new data from Zillow
The national median rent appreciated at its fastest pace 21 months, according to new data from Zillow.   During the past year, the national median rent increased by 2.8 percent to $1,445. For the seventh consecutive month, Sacramento led the nation with the fastest rental growth, up more than eight... more
The time to close all home loans tightened from 44 days in January to 42 days in February, according to new data from Ellie Mae
The time to close all home loans tightened from 44 days in January to 42 days in February, according to new data from Ellie Mae.   Purchase loan time closing dropped from 47 days in January to 45 days in February, while refinance closings dropped from 40 days in January to 37 days in February. The... more