by Liz Ruggiero | May 11, 2023 | Agents, Brokers, Latest News, National, News, Premier, Teams |
How much buzz can a four-month-old announcement create? If it impacts the affordability of homeownership one way or the other: plenty. That was the case over the past couple of days as the Federal Housing Finance Agency (FHFA) has evoked mixed emotions surrounding...
by Liz Ruggiero | May 11, 2023 | Agents, Brokers, Latest News, National, News, Premier, Teams |
In line with housing market challenges and persistently high mortgage rates, United Wholesale Mortgage (UWM) reported a net loss of $138.6 million in Q1 2023. Despite this, executives still have a positive outlook on the quarter and for the rest of the year. “The...
by Liz Ruggiero | May 11, 2023 | Agents, Brokers, Industry News, Latest News, National, News, Premier, Teams |
The 30-year fixed-rate mortgage (FRM) averaged 6.35%, this week, down just a hair from 6.39% last week, according to the latest Primary Mortgage Market Survey (PMMS) from Freddie Mac released Thursday. This week’s numbers: 30-year fixed-rate mortgage averaged 6.35%...
by Aidan Whalen | May 10, 2023 | Agents, Brokers, Industry News, Latest News, National, News, Premier, Teams |
Following a slight decrease of 1.2% last week, mortgage applications increased 6.3% from one week earlier, according to the latest Weekly Mortgage Applications Survey from the Mortgage Bankers Association’s (MBA) for the week ending May 5, 2023. This week’s numbers:...
by Liz Ruggiero | May 9, 2023 | Agents, Brokers, Industry News, Latest News, National, News, Premier, Teams |
The amount of equity-rich homes decreased slightly from 48% in Q4 2022 to 47.2% in Q1 2023, marked the second straight quarterly decline, according to a new report from ATTOM. ATTOM’s Home Equity & Underwater Report for Q1 2023 found that 3% of mortgaged homes, or...