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Numbers of Prospective Homebuyers on the Upswing

08.03.2020

The economic tumult generated by the COVID-19 pandemic isn't slowing the pursuit of homeownership according to the National Association of Homebuilders’ (NAHB) Housing Trends Report covering the second quarter of this year.

Survey: Pandemic Accelerating Prospective Buyers’ Timelines

07.22.2020

A survey from realtor.com found more than 40% accelerated their timeline due to COVID-19.

Mortgage Purchase Applications Drop

07.16.2020

Mortgage applications ballooned 5.1% from the previous week, according to data from the Mortgage Bankers Association's (MBA) for the week ending July 10, 2020. Adjustments for July 4 holiday were incorporated into last week’s results.

Purchase Applications Rise

07.08.2020

Mortgage applications rose 2.2% from the prior week, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending July 3, 2020.

The Top Pandemic-Related Challenges for Lenders and Servicers

07.01.2020

As the COVID-19 pandemic sent waves across the nation, lenders and servicers have worked to adapt quickly to market changes, new mandates, and policy updates.

Home Prices Resilient Amid Pandemic

06.24.2020

Despite sending unemployment skyrocketing, the COVID-19 pandemic is likely to have little impact on home prices this year, according to a Reuters poll conducted in June. Home prices are expected to outperform consumer prices with a 3.0% increase this year, according to the poll.  

Policy Implications of Mortgage Credit Tightening

06.17.2020

As the economic impact of the pandemic continues, one of the biggest issues to emerge in housing finance is the availability of mortgages. In a new paper by former Freddie Mac CEO Don Layton, he discusses the implication that somehow much or even all of the tightening is illegitimate, a failure of government policy; that it should be largely if not completely avoidable with the right government actions; and that those actions should not require the kind of subsidies we are seeing for small business or specific industries, like the airlines.

Purchase Applications Rise for Eighth Straight Week

06.11.2020

The Mortgage Bankers Association (MBA) revealed mortgage applications rose 9.3% weekly for the week ending June 5. 

Purchase applications continued its run of success, rising week-over-week by 15% and annually by 13%. 

Mortgage Rates Expected to Remain Low

06.03.2020

With mortgage rates nearing record lows, NerdWallet’s Mortgage Interest Rate Forecast concluded June is a good time to refinance, as rates are expected to remain low for months. 

Are Homebuyers Stepping Back Into the Market?

05.27.2020

According to the latest weekly survey conducting by Mortgage Bankers Association (MBA) for the week ending on May 22, spring has brought a surge in mortgage applications to the housing industry. 

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