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First-Time Homebuyers Feel Pinch of Higher Mortgage Rates

First-Time Homebuyers Feel Pinch of Higher Mortgage Rates

Friday, 11 November 2022
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Soaring borrowing costs in the United States have pushed first-time homebuyers to spend potentially unaffordable amounts on mortgage. So reports Bloomberg. Read more...
Consumer Confidence in Housing Hits Record Low: Fannie Mae

Consumer Confidence in Housing Hits Record Low: Fannie Mae

Friday, 11 November 2022
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An uncertain economic climate along with upward motion in both interest rates and home prices have darkened Americans’ view of the housing market. So reports CNBC. Read more...
Mortgage Rates Rebound to Higher Than 7%

Mortgage Rates Rebound to Higher Than 7%

Friday, 11 November 2022
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U.S. long-term mortgage rates have bounced back above the 7% level after a one-week drop. So reports CNN. Read more...
Mortgage Demand Levels Off as Rates Rise Again

Mortgage Demand Levels Off as Rates Rise Again

Friday, 11 November 2022
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With mortgage rates on the rise, consumer demand for mortgages has inched in the opposite direction. So reports CNBC. Read more...
Bodnar of MMG: Enjoy the Rally

Bodnar of MMG: Enjoy the Rally

Thursday, 10 November 2022
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A soft Consumer Price Index (CPI) print set off a rally in bonds, rates and stocks for the ages, according to Bill Bodnar of the Mortgage Market Guide (MMG). Read more...
Bodnar of MMG: Jobs Report, Fed Meeting, and Rate Hikes

Bodnar of MMG: Jobs Report, Fed Meeting, and Rate Hikes

Friday, 04 November 2022
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Bill Bodnar of the Mortgage Market Guide (MMG) notes that there is a lot to discuss this week: the Jobs Report, the Fed Meeting, the impact of rate hikes and key technical levels.  Read more...
Mortgage Holders Lose $1.3T in Equity in Q3: Black Knight

Mortgage Holders Lose $1.3T in Equity in Q3: Black Knight

Friday, 04 November 2022
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After peaking in Q2 of this year, homeowner equity wealth saw record levels of contraction in Q3, according to Black Knight. Read more...
Rocket Faces Triple Whammy with 3Q Results

Rocket Faces Triple Whammy with 3Q Results

Friday, 04 November 2022
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Dan Gilbert’s Rocket Companies posted third-quarter financial results, and they’re down sharply on three fronts. So reports The Detroit News. Read more...
Mortgage Rates Dip Back Below 7%

Mortgage Rates Dip Back Below 7%

Friday, 04 November 2022
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After topping 7% for the first time since 2002, U.S. long-term mortgage rates have fallen back below that mark. So reports CNN. Read more...
GO Mortgage Launches Non-QM Single Close Construction Loan

GO Mortgage Launches Non-QM Single Close Construction Loan

Friday, 04 November 2022
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GO Mortgage, a nationwide, independent mortgage bank licensed in 36 states and the District of Columbia and a subsidiary of GO Companies, said it has launched a non-QM construction loan program designed to provide greater options and a smoother financing experience for self-employed borrowers and real estate investors seeking to build a home. Read more...

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