Wed, Apr 27 2022, 2:43 PM
Today brought 2 new scheduled data releases for the housing market. Both were fairly logical given the variables in play. So far in 2022, one of the...
Tue, Apr 26 2022, 3:21 PM
New, single family home sales declined by 8.6 percent in March according to data released today by the Census Bureau. That seems like a fairly substa...
Tue, Apr 26 2022, 12:14 PM
Interest in sustainable homes, those with green or energy-saving features, appears to be growing. The National Association of Realtors® (NAR) recently...
Mon, Apr 25 2022, 3:32 PM
Mortgage delinquencies hit a record low in March according to the "first look" report on mortgage performance released today by Black Knight. Hitting ...
Fri, Apr 22 2022, 12:29 PM
As home sales surged and prices soared, real estate investors were no small part of the mix. CoreLogic says the share of home sales going to investor...
Wed, Apr 20 2022, 3:07 PM
The brutal interest rate spike of 2022 has been all over the news for more than a month, but the strong pace of home sales (or purchase mortgage appli...
Wed, Apr 20 2022, 12:57 PM
The Mortgage Bankers Association's (MBA) latest weekly mortgage application data shows an ongoing and unsurprising decline in refinance applications. ...
Wed, Apr 20 2022, 9:58 AM
Despite the oft-cited hurdles, housing production continued to strengthen in March. Permits for residential construction were issued at seasonally adj...
Mon, Apr 18 2022, 2:44 PM
Mortgage rates may be at the highest levels in more than 3 years, but the housing market has yet to show visible signs of distress. April's release o...
Wed, Apr 13 2022, 11:27 AM
The Mortgage Bankers Association (MBA) reported double digit increases in the interest rates of most mortgage products again last week, and refinancin...
Tue, Apr 12 2022, 3:05 PM
Two full years after the COVID-19 virus upended life the Mortgage Bankers Association’s (MBA’s) Mortgage Credit Availability Index (MCAI) remains some...
Tue, Apr 12 2022, 2:37 PM
While still healthy, mortgage lenders’ 2021 profits took a deep dive from the record returns recorded in 2020. The Mortgage Bankers Association’s (MBA...
Mon, Apr 11 2022, 3:18 PM
Overall volumes of mortgage loan rate locks appear, as yet, largely unaffected by the recent increases in mortgage interest rates, but have definitely...
Wed, Apr 6 2022, 2:04 PM
You can't spend too much time reading/watching the news recently without being well aware of the relatively unprecedented surge in mortgage rates seen...
Mon, Apr 4 2022, 2:17 PM
Black Knight's latest Mortgage Monitor report was released this morning and it provided more timely insight on home price appreciation than last week'...
Fri, Apr 1 2022, 2:37 PM
Total construction spending rose in February to a seasonally adjusted annual rate of $1.704 trillion, a 0.5 percent increase from January and 11.2 per...
Wed, Mar 30 2022, 10:35 AM
For most of 2010 through the middle of 2013, the purchase mortgage market languished as homebuyers were reluctant to come back to the table after the ...
Tue, Mar 29 2022, 2:03 PM
Fri, Mar 25 2022, 2:30 PM
Friday’s pending home sales report was the hat trick; all three home sales measures declined last month . While new and existing home sales have had ...
Thu, Mar 24 2022, 9:52 AM
While they began to become homeowners at a more advanced age than many of their predecessors and encountered an abnormally high number of obstacles ge...
Wed, Mar 23 2022, 1:58 PM
The data is in for Q4, 2021, and it was not a good quarter for mortgage profitability according to the Quarterly Mortgage Bankers Performance report f...
Wed, Mar 23 2022, 1:24 PM
The correlation between interest rates and mortgage refinance demand is extremely strong and predictable. Rates go up, refis go down. Rates skyrocke...
Tue, Mar 22 2022, 12:36 PM
More than a half-million loans remained in forbearance at the end of February according to the Mortgage Bankers Association (MBA). Its monthly Loan ...
Fri, Mar 18 2022, 1:13 PM
Existing home sales slowed in February and the National Association of Realtors® (NAR) said the recent rise in interest rates may have already knocke...
Wed, Mar 16 2022, 1:55 PM
Residential construction and its logical impact on builder confidence has been one of the biggest pleasant surprises of an otherwise very unpleasant c...
Wed, Mar 16 2022, 1:00 PM
The Mortgage Bankers Association (MBA) released its latest mortgage application numbers this morning and the modest movement belies the drama unfoldin...
Tue, Mar 15 2022, 4:18 PM
Imagine paying $1500/month for rent in 2021 and getting a renewal letter for $2079. That's the reality for those living in the metropolitan area wher...
Thu, Mar 10 2022, 2:30 PM
Mortgage lenders are pragmatic about their business prospects over the next quarter, expecting mortgage rates to continue to increase and refinance ac...
Wed, Mar 9 2022, 9:34 AM
The news release for weekly mortgage applications may have come out today, but as with any economic report, it refers to things that happened in the p...
Mon, Mar 7 2022, 12:32 PM
All too often, when it comes to consumer surveys about the future, the results tend to reflect what has already happened as opposed to what will conti...
Wed, Mar 2 2022, 1:24 PM
Mortgage applications have been making logical moves recently with higher rates causing a sharp deceleration in refinance activity. Purchases are off...
Tue, Mar 1 2022, 1:46 PM
CoreLogic released its Home Price Index for January today, showing year-over-year price appreciation of 19.1% nationally. That's the highest rate of ...
Fri, Feb 25 2022, 12:39 PM
The National Association of Realtors released January's Pending Home Sales report this morning, which measures signed purchase contracts as opposed to...
Fri, Feb 25 2022, 12:11 PM
Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 11.2 percent in January compared to a 13.1 perce...
Thu, Feb 24 2022, 1:46 PM
In today's release from the Census Bureau, New Home Sales fell 4.5% in January to an annual pace of 801k units. Economists were already expecting a d...
Wed, Feb 23 2022, 3:02 PM
Fannie Mae’s economists have again stepped up their expectations for the Fed’s response to escalating inflation. A 7.5 percent annual increase in the ...
Wed, Feb 23 2022, 9:25 AM
The Mortgage Bankers Association released its weekly mortgage application data this morning. Here's the skinny: Refi Applications
-16% from last...
Tue, Feb 22 2022, 4:42 PM
The Mortgage Bankers Association released its monthly update on the share of mortgages in forbearance. Forbearances spiked as the pandemic began, but...
Tue, Feb 22 2022, 11:17 AM
Home price appreciation peaked in July with the FHFA House Price Index up 19.3% year-over year and the S&P CoreLogic Case-Shiller 20-City Index up 20....
Fri, Feb 18 2022, 11:21 AM
The Mortgage Bankers Association (MBA) is projecting a decline in new home sales for January. Based on data collected from its Builder Application Sur...
Fri, Feb 18 2022, 11:09 AM
While last year was an excellent one for existing home sales, they did peter out at the end, falling 4.6 percent in December. The January numbers, rel...
Thu, Feb 17 2022, 9:52 AM
Residential construction numbers for January were mixed . Permits were up slightly from December but starts fell back from December’s near 12-point ...
Wed, Feb 16 2022, 1:08 PM
Both Fannie Mae and Freddie Mac (the GSEs) reported substantial increases in their financial results for 2021 when compared to 2020 and a greatly im...
Wed, Feb 16 2022, 10:47 AM
There was another bit of erosion in builder confidence in February. The National Association of Home Builders (NAHB) said the NAHB/Wells Fargo Housing...
Wed, Feb 16 2022, 8:41 AM
The volume of mortgage applications declined for the second week as interest rates for some products crossed the 4.0 percent line. The Mortgage Banker...
Tue, Feb 15 2022, 2:54 PM
Even as the economy is improving, access to mortgage credit fell in January as investors cut back their demand for some products. The Mortgage Bankers...
Tue, Feb 15 2022, 10:02 AM
Another tool will soon be available to lenders working with Freddie Mac that is expected to speed up loan processing and reduce the paperwork involv...
Mon, Feb 14 2022, 12:27 PM
According to the National Association of Homebuilders (NAHB), 87.5 million households, 69 percent of the nation’s total, cannot afford to buy a new m...
Fri, Feb 11 2022, 11:01 AM
The sources that gather such data have all reported a steady decline in mortgage delinquencies since last summer and are all stages are now close to t...
Thu, Feb 10 2022, 1:53 PM
For the second time this week a major report on loan performance has confirmed that homeowners are recovering rapidly from the pandemic. The Nationa...
