Real Estate Financing

Mortgage Rates Hold Almost Perfectly Steady

January 26, 2023 - ,
Scheduled economic reports are one of the first places the market looks to get a read on interest rate momentum.  Of all the days this week, Thursday boasted the highest concentration of potentially relevant data.  Nonetheless, rates barely budged. In ...

FHA Ekes Out Slight 3Q22 Gain as Other Insurers Fade

January 26, 2023 - ,
Originations of purchase mortgages with primary MI coverage declined in the third quarter, but the FHA stood alone with a sturdy 7% increase in purchase endorsements. National MI was the only private insurer to boost quarterly production. (Includes three data ...

RSS Feed Generator, Create RSS feeds from URL

January 26, 2023 - ,
Features Embed News Feeds Take control of your content using our cloud based all-in-one news feeds solution. Easily embed dynamic content on your website. News Feeds Dynamically updated news feeds at the tips of your fingers Bundles Easily bundle multiple ...

Affordability improves, as do hopes for a good spring  

January 26, 2023 - ,
Affordability has improved in the mortgage market since December, thanks to declines in mortgage rates and a slowdown in home price appreciation.  Here’s a spoiler: Industry experts believe this trend will continue for months, signaling that a good spring is ...

What is an Inspection Contingency Clause?

January 26, 2023 - ,
With today’s competitive market moving faster than ever, it can be easy to fall in love with a home too fast or cut corners in favor of a better offer. Our advice? Don’t. Before you close the deal, make sure ...

U.S. economy expands at a faster-than-expected 2.9% pace

January 26, 2023 - ,
The U.S. economy expanded at a healthy pace in the fourth quarter, though an extended salvo of Federal Reserve interest-rate hikes is seen jeopardizing growth prospects this year. Gross domestic product increased at a 2.9% annualized rate in final three ...

Mortgage Rates Move Modestly Lower

January 26, 2023 - ,
Mortgage rates are primarily determined by the bond market, and it's been an uneventful week for bonds!  That means we haven't seen much of a change in mortgage rates relative to the changes frequently seen over the past year. Bonds ...

Analysts Disagree Whether Market Shift Spells Trouble for MIs

January 26, 2023 - ,
Private mortgage insurers benefit from recurring revenue from insurance-in-force, which makes declines in originations less problematic. Source link

As Economy Slows, Mortgage Rates Retreat

January 26, 2023 - ,
Mortgage rates continue to retreat. The average rate on 30-year mortgages ticked down to 6.42 percent this week from 6.43 percent the previous week, according to Bankrate’s national survey of large lenders. “Mortgage rates declined for the third straight week, ...

Clear Capital restructures, cutting 24% of its workforce

January 26, 2023 - ,
Real estate valuation technology company Clear Capital has conducted a new round of layoffs as part of a company restructuring plan. The firm announced on Wednesday that it was eliminating about 24% of its workforce, or over 250 jobs, as ...
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