Contact us for instant answers.

We invite you to experience the Birchwood difference. Fill out the form to the right and a representative will contact you with more information.

Rate Locks Down Across All Mortgage Products

06.16.2021

Despite very low and steadily holding mortgage rates, overall rate locks—particularly rate/term refinances—were still down across the board in May, due primarily to low inventory, according to the latest Black Knight Originations Market Monitor report.

Purchase Activity Shows Signs of Slowdown

06.03.2021

Is the stress of achieving the American dream of homeownership finally getting to a nation of homebuyers?

Inventory Shortages Hinder Existing-Home Sales

05.26.2021

Existing-home sales dropped again in April, marking the third month in a row of decline, according to the latest numbers from National Association of Realtors (NAR).

Birchwood Credit Services and NEMBC Help Provide Wounded Vet Housing

05.19.2021

Birchwood Credit Services, a national provider of mortgage credit reporting services, is giving back to the community with a donation match in conjunction with the New England Mortgage Banker's Conference resulting in $68,959 to support Homes for Our Troops' mission to build and donate specially adapted custom housing for severely injured post-9/11 veterans.

Homebuying Sentiment Turns Net Negative

05.11.2021

A serious dearth of inventory is making the prospect of home shopping and homebuying too daunting for a majority of Americans today, according to Fannie Mae's National Housing Survey. In fact, consumers' pessimism toward homebuying conditions in April set a survey record.

Housing Demand Hastens Sales

05.05.2021

Realtor.com reports that the number of new home sellers rose in April compared to last year, when most cities had shelter-in-place orders in effect. However, with the number of new listings still nearly 26% below pre-pandemic levels, buyers saw little relief as the median U.S. home listing price moved 17.2% year-over-year to a new high of $375,000 and homes sold in just 43 days.

$1.67 Trillion in Purchase Originations Forecast for 2021

04.28.2021

If Q1 was any indication, the housing market is experiencing a great start to the new year, as the Mortgage Bankers Association (MBA) has forecast that purchase originations are on track to grow 16.4% to a new record of $1.67 trillion.

A First in Report History: Median Sales Price Exceeds $300k

04.21.2021

Home sales in March rose by one-third over February's totals, and the demand from homebuyers drove the median sales price up above $300,000 for the first time in the history of a report published by RE/MAX Holdings, franchisor of real estate brokerage services.

Independent Mortgage Banks Bask in Housing Boom

04.14.2021

The Mortgage Bankers Association (MBA) has reported that independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks made an average profit of $4,202 on each loan originated in 2020, a $1,470 increase per loan over 2019’s totals.

Depleted Home Inventory Locking Many Out

04.07.2021

Black Knight’s latest Home Price Index has found home prices up 11.6% in February, hitting their highest annual rate in more than 15 years. Also rising at an equally-paced clip, median single-family sales prices rose 15.9% year-over-year in February. The rise in home prices, along with the uptick in mortgage rates, has driven affordability to its lowest point since mid-2019.

Pages

Connect with us:

© Birchwood Credit Services 2021. Web Development by CommonPlaces Interactive

Contact|Privacy Policy|Site Map|Security & Technology