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September 2018 Existing-Home Sales
NAR released a summary of existing-home sales data showing that housing market activity this September was down 3.4 percent from last month, and dropped 4.1 percent from last year......

Borrowers Finally See Some Relief With Mortgage Rates
at lower borrowing costs to some would-be buyers. “The modest decline in mortgage rates is a welcome respite from the rapid increase in rates the last few weeks,” says Sam Khater, Freddie......

Sellers Brace for Stiffer Competition as Buyers Retreat
Affordability may be prompting more potential buyers to pause due to rising mortgage rates over the last few weeks, and home sellers are now facing more competition. Homeowners may no longer......

Dallas-Fort Worth home sales stumbled in the third quarter
the only major Texas market that saw a decline in third quarter home sales. DFW preowned homes sales fell 2.3% from third quarter 2017, according to a new report by the Texas Association of......

Existing-home sales slump to a near three-year low
market as evidenced by lower sales and higher inventory," Lawrence Yun, NAR's chief economist, said at a briefing accompanying the release of the report. The shift reflects a cooling in the market......

Surge in home equity borrowing could be around the corner
homeowners to stay put and renovate rather than sell and re-enter the housing market. And because around 70 million homeowners likely qualify for a home equity product, lenders can leverage......

Subprime, Zero Down Mortgages Are Back But With A Catch
the loans that we’ve originated in the past 6 years, zero foreclosures.” I wonder, however, what the foreclosure rate was on the loans they originated before the real estate bust. Nevertheless......

Rising mortgage rates hurt bank revenue, credit quality: Moody's
Rising mortgage interest rates not only will continue to constrain banks' once-robust revenue from this business, they will also affect existing borrower credit quality, a report from Moody's said. ......

$3.7B package of Fannie Mae and Freddie Mac MSRs goes up for bid
mortgages have a 0.8% delinquency rate. They have no serious delinquencies, foreclosures or bankruptcies. Owner-occupied, single-family homes secure most of the loans. Investor properties......

Refinance mortgage share falls back to 2018 low
As mortgage rates recently hit their highest point in seven years , closed refinances fell back to their low-point of 2018, according to Ellie Mae. The refinance share of closed loans dropped......

Metro Detroit home sales drop nearly 6% in September
is the boom coming to an end? Adobe Stock "The decline in home sales during September is a combination of the seasonality of the market along with buyers taking in rising home prices and......

Buying a home? You may have more leverage now
Denver epitomizes the slowdown taking hold this year in the nation's housing market as mortgage rates climb, home prices rise and the new tax law limits the benefits of ownership. Those hindrances......

Three Questions To Ask of Amazon's Approach to Homelessness
influx of tech-savvy professionals moving to the area. Putting pressure on the housing market, low-income and personally challenged individuals suddenly found housing was no longer so affordable......

Key mortgage rate dips for Friday
Mortgage rates diverged today, but one key rate decreased. The average for a 30-year fixed-rate mortgage declined, but the average rate on a 15-year fixed were higher. On the variable-mortgage......

Refinance mortgage rate drops for Friday
Trend Index. Want to see where rates are right now? See local mortgage rates. Average mortgage rates Last week Last updated October 18, 2018. Methodology: The rates you see above are......