Redfin Reports New Listings and Pending Sales Ticked Up in September, But Deals Were Canceled at Highest Rate in Almost a Year
New listings inched up as some homeowners opted to cash out, fearing that elevated mortgage rates could drive a drop in home prices SEATTLE--(BUSINESS WIRE)-- (NASDAQ: RDFN) — New listings climbed 1.4% month over
ICE First Look at Monthly Mortgage Performance
Delinquencies Rose in September While Foreclosure Activity Remained Muted The national delinquency rate rose to 3.29% in September, up 12 basis points (BPS) from August and up +13BPS year over year, marking only the
Mortgage Investors Group Weekly Market Watch
Market Comment Mortgage bond prices finished the week sharply lower which caused mortgage interest rates to surge higher. Elevated inflation, uncertainty in the Middle East, and the Fed’s continued quantitative tightening factored heavily into
Dave Hershman – Why Predictions Don’t Work – Redux
For months we have been debating whether the Federal Reserve will raise rates one more time this year and more specifically when they meet next week. We analyze the data, listen to the speeches
Federal Housing Administration Expands Access to Financing for Homes That Have or Will Include Accessory Dwelling Units
New Accessory Dwelling Unit policy provides expanded financing options for borrowers and reinforces Biden-Harris Administration housing supply and homeownership goals. WASHINGTON – The U.S. Department of Housing and Urban Development, through the Federal Housing Administration
Jump in Long-Term Interest Rates Expected to Weigh on Economy
Home Prices Prove Resilient through Third Quarter, but Deceleration Likely as Mortgage Rates Move Higher WASHINGTON, Oct. 16, 2023 /PRNewswire/ -- The rapid rise in long-term interest rates over the past few months will likely weigh on
Mortgage Investors Group Market Watch
Market Comment Mortgage bond prices finished the week considerably higher which put some downward pressure on rates. Most of the improvements occurred the beginning of the week as geopolitical tensions in the Middle East
Dave Hershman: Economic Commentary for the week of 10/16/2023
Bear Markets Bonds are in a significant bear market. A bear market in bonds is different than the typical bear market we discuss – which is the stock market. While both are characterized by
Home Buyers Press Pause as Mortgage Rates Keep Climbing
Mortgage demand for home purchases slowed to the lowest level in nearly 20 years as aspiring buyers find themselves priced out.Home buyers can’t seem to catch a break in a challenging real estate market
Ginnie Mae Mortgage-Backed Securities Portfolio Reaches $2.477 Trillion in September
Washington, D.C.—Ginnie Mae’s mortgage-backed securities (MBS) portfolio outstanding grew to $2.477 trillion in September, including $36.6 billion of total MBS issuance, leading to $19 billion of net growth. Issuance for this month was less