Tag Archives: Mortgages

Mortgage demand rises despite volatile interest rates

Demand for mortgages increased for the second straight week, despite some volatility in mortgage rates. Total application volume rose 6.5% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. related investing news The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) […]

Homebuilder confidence rises in March as demand improves

Construction workers work on a home, as a subdivision of home is built in San Marcos, California, January 31, 2023. Mike Blake | Reuters Mortgage rates are high and volatile, homes are still pricey, and inflation is not in check, but, even so, the nation’s homebuilders are starting to feel better about their business. A […]

Mortgage rates tumble in the wake of bank failures

A residential neighborhood in Austin, Texas, on Sunday, May 22, 2022. Jordan Vonderhaar | Bloomberg | Getty Images The average rate on the popular 30-year fixed mortgage dropped to 6.57% on Monday, according to Mortgage News Daily. That’s down from a rate of 6.76% on Friday and a recent high of 7.05% last Wednesday. Mortgage […]

Luxury home sales plunge, Miami and Hamptons hit hardest

Homes at Rivo Alto Island in Miami Beach, Florida, US, on Wednesday, Feb. 1, 2023. Eva Marie Uzcategui | Bloomberg | Getty Images The U.S. housing market is taking a hard hit from higher mortgage rates, and luxury home sales are seeing the worst of it. Sales of luxury homes dropped 45% during the three […]

Housing will see a slow and bumpy return to normalcy, says Black Knight’s Andy Walden

ShareShare Article via FacebookShare Article via .Share Article via LinkedInShare Article via E. The Exchange Andy Walden, Black Knight vice president, joins ‘The Exchange’ to discuss mortgage demand and the housing sector. 04:17 Wed, Mar 8 20231:56 PM EST source

Mortgage industry vet embodies spirit of International Women’s Day

Keen focus pays off Her focus was keen: “I learned my banking role, but also learned what mortgages were. Mortgages 40 years ago were very different from what they are today. It was an evolving business when I started in 1982. Mortgage rates were 16%, so people complaining about 7% should not complain. I have […]

Tri Pointe Homes CEO: The resale market has been our biggest competitor

Doug Bauer, Tri Pointe Homes CEO, joins 'Squawk Box' to discuss what he's seeing in new home listings, how much flexibility the company has on getting its costs lower and more. source

Mortgages for families and friends added by Market Harborough – Mortgage Finance Gazette

Specialist lender Market Harborough Building Society (MHBS) has added a range of multi-generation mortgages that will assist groups of family and friends to jointly buy a property. MHBS says it used its experience of providing solutions for multiple applicant cases to develop the new range, in response to a growing number of broker enquiries. Rates […]

Flagstar gives $1 million to fix appraisal industry’s lack of diversity

The $1 million donation by Flagstar Bank will go toward the recruitment and credentialing of diverse trainees, as well as to explore different ways to improve the licensing process for appraisers.JHVEPhoto – stock.adobe.com The mortgage-focused lender Flagstar Bank has donated $1 million to help fix a staggering lack of diversity in the appraisal industry — […]