Home Sales Are Up Despite 7% Interest Rates
Despite mortgage rates reaching 7% new home sales see a slight increase indicating opportunity April 29th, 2024 Linkedin Despite mortgage rates hitting 7%, there’s a silver lining in the housing market as new home sales see a slight uptick. Economist optimism prevails as the general consensus leans towards greater opportunity being found in new construction. In March […]
Mortgage rates have reached highest levels this year, and could still increase
Mortgage Rates Have Reached Highest levels this year & could still increase February 10th, 2024 Linkedin What are we seeing from today’s rates? The 30-year fixed mortgage rate, a favorite among homebuyers, surpassed 7% on April 1 and has continued to climb, now hovering around 7.5% as reported by Mortgage News Daily and has continued […]
Lower Interest Rates Drive Over 10% Surge in Mortgage Demand, Attracting Homebuyers
Lower Interest Rates Drive Over 10% Surge in Mortgage Demand Attracting Homebuyers February 10th, 2024 Linkedin Another decline in mortgage interest rates spurred a surge in loan applications last week, as reported by the Mortgage Bankers Association (MBA). The seasonally adjusted index revealed a notable 10.4% increase in total mortgage application volume compared to the […]
Landmark Lawsuit sparks possible change in Florida real estate market
Landmark Lawsuit Marks Possible Change For the Florida Real Estate Market January 28th, 2024 Linkedin A recent antitrust court case in Missouri has the potential to bring significant change to the conventional 6% commission paid to real estate brokers, as well as the party responsible for covering this fee. Callen Jones, a Florida-based real estate […]
Reverse Mortgages Are Back
Average Cash-Out Refinancing Hits Bringing Ownership Back home December 28th, 2023 Linkedin Insights from the December 2023 ICE Mortgage Monitor Report Intercontinental Exchange, Inc. (ICE), commonly known as ICE, released its December 2023 ICE Mortgage Monitor Report. The report delves into the real estate and mortgage landscape, emphasizing the resurgence of tappable equity and […]
Approaches to Enhance Loan Accessibility and Affordability
Data Driven Tactics to Ensure Loan Accessibility & Affordability December 18th, 2023 Linkedin Navigating different Economic times Today’s economic landscape, marked by inflation, escalating interest rates, and fluid employment patterns, mortgage lenders grapple with a pervasive sense of uncertainty. Their challenge is multifaceted: how to expand lending portfolios while prudently mitigating risks amidst this turbulent […]
Commercial and multifamily borrowing down by 49% in Q3 2023
Decoding Commercial Real Estate in Q3’23 November 11th, 2023 Linkedin Market Trends: A 49% Decrease in Loan Originations In Q3 2023, the commercial and multifamily mortgage market experienced a substantial 49% decrease in loan originations compared to the previous year. This decline reflected a collective response to uncertainties within the industry. Amidst the overall […]
Is Now a Sweet Spot for Homebuyers in a Shifting Market?
Is now a sweet spot for Homebuyers in a shifting market this fall? October 6th, 2023 Linkedin According to a Zillow economist, the upcoming fall season could present a favorable opportunity for US homebuyers. Zillow’s analysis suggests a surge in motivated sellers and an increase in active listings, marking the highest levels since December of […]
Can we see a decline in mortgage rates?
Can we see a decline in Mortgage Rates in the near future? June 6th, 2023 Linkedin The housing market is facing the consequences of ten consecutive rate hikes by the Federal Reserve, as reported by the National Association of Realtors. Existing home sales experienced a decline of 3.4% in April. Over the past year, home […]
Weekly Mortgage Demand Increases By 7%
Weekly mortgage demand Increased by 7% as interest rates dropped to lowest level since September 2022 January 25, 2023 Linkedin Mortgage interest rates decreased for the third consecutive week, while mortgage demand once again rose. Last week, the Mortgage Bankers Association’s seasonally adjusted index showed that total application volume had increased by 7% compared to […]