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Last week, the real estate market saw a decrease in active inventory and new listing data, with the latter reaching an all-time low in 2023. However, purchase application data increased by 8%, indicating that homebuyers are moving quickly into escrow. The seasonal...

Fannie Mae and Freddie Mac, the two government-sponsored enterprises that back the majority of U.S. mortgages, announced on Wednesday new updates to their equitable housing finance plans. The updates include a number of new initiatives, such as expanding special...

The Federal Reserve is considering a half-point hike in interest rates (instead of the previous 0.25% increments), and if faster tightening is required, the Fed is ready to increase the pace of rate hikes. Inflation has slowed down in recent months, but the closely...

The housing market has been on a roller coaster ride in recent weeks, with mortgage rates increasing for the fourth consecutive week due to inflation concerns. This has left some prospective homebuyers feeling hesitant about entering the market. However, there is an...

The Biden administration has announced a reduction in the annual mortgage insurance premium charged to new borrowers taking out loans insured by the Federal Housing Administration (FHA). The premium rate will decrease from 0.85% to 0.55%, lowering monthly mortgage...

The latest data from CoreLogic and Zillow shows that the market is expected to continue to appreciate in the coming years, though not at the breakneck pace of 2020 and 2021. According to CoreLogic’s Home Price Index, home values increased by 6.9% in December 2022...

Mortgage rates have fallen for the fourth week in a row, following a smaller interest rate hike by the Federal Reserve. The 30-year fixed-rate mortgages for prime borrowers with a 20% down payment averaged 6.09% this week, down from 6.13% the previous week. This...

According to data from the National Association of Realtors (NAR), pending home sales rose 2.5% month over month in December. This marks the first increase since May 2022, following six consecutive months of declines. But what's driving this positive change in the...

The Federal Reserve's decision to increase the Federal Funds Rate from nearly 0% at the start of 2022 to 4.5% in December 2022 was made to combat inflation. However, this increase in the Fed Funds Rate resulted in long-term mortgage rates more than doubling, rising...

Mortgage rates are at their lowest point since September, and it's bringing new demand into the market. According to the Mortgage Bankers Association's seasonally adjusted index, mortgage application volume jumped nearly 28% last week compared to the previous week....