Mortgage Mix: United Mortgage Faces Backlash; AI Use in the Industry Grows
Editor’s Note: The Mortgage Mix is RISMedia’s weekly highlight reel of need-to-know mortgage-industry happenings. Watch for it each Friday afternoon. ...
Tag: Real Estate Economics
Mortgage Rates Dip for Fourth Week Straight, Hit Lowest Level in 3 Months
The averaged 30-year-fixed-mortgage rate stepped down for the fourth-straight week, dipping to 6.68% from 6.87% last week and marking its ...
Mortgage Applications Rise for Third Straight Week
Mortgage applications rose for the third straight week as mortgage rates continue to drop, increasing 0.8% from one week earlier, ...
Consumer Confidence Reverses Course and Decreases in June
As consumers continue to see little relief from inflation—with the Consumer Price Index registering no change in May and the ...
Harvard Report Shines Light on Affordability Crisis and ‘Alarming’ Rates of Housing Cost Burden
The Joint Center for Housing Studies (JCHS) of Harvard University recently released its annual “State of the Nation’s Housing,” and ...
Economic Index Fell Again in May; Year-Over-Year Growth Looking Up
The Conference Board Leading Economic Index (LEI) for the U.S., which provides an early indication of significant turning points in ...
Homebuilder Confidence Hits Lowest Reading Since December 2023
With mortgage rates remaining high, little change in inflation and the Fed still not making any decisions when it comes ...
Mortgage Applications Continue to Rise This Week
Mortgage applications continued their upward trend and increased 0.9% from one week earlier, according to data from the Mortgage Bankers ...
Mortgage Rates Continue to Move Down
On the heels of the Fed standing firm on keeping its benchmark rate unchanged, mortgage rates trickled down again this ...
Mortgage Applications Shift Upward This Week
Mortgage applications shifted course and increased 15.6% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) ...
6 Key Numbers Buyers Must Examine Before Committing
“The rate should never be treated as a yes-or-no answer,” says Nick Nastos, founder of Chicago’s Property Shop. “I would be more concerned about a buyer closing with no emergency fund than one accepting a slightly higher rate with a manageable payment and cash still in the... Read more.
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