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.

Home Seller Optimism Rising, but Buyers’ Declines


Fannie Mae's Home Purchase Sentiment Index (HPSI) increased 3.5 points in September to 81.0. That's the second consecutive month of increase, showing a rebound from late spring continuing. Three of six HPSI components increased month-over-month, and consumers reported a "substantially more optimistic view of home-selling conditions, expected home price growth, and the labor market, but a more pessimistic view of homebuying conditions and mortgage rate expectations."

Homeowners Who Haven’t Refinanced Stand to Lose Thousands


According to a recently published Zillow report, mortgage rates are still hovering at all-time lows. This means that those homeowners who have not yet taken the plunge and refinanced their mortgages are missing out on big savings. Zillow points to these potential savings as being in the thousands.

Fannie Mae Explains the Housing Market’s ‘V-Shaped Recovery’


Fannie Mae's latest Economic & Housing Outlook reported that the GSE's economics team expects Q3 real gross domestic product (GDP) to grow at an annualized pace of 30.4%. This represents an increase from Fannie's August forecast of 27.2%. For the full year of 2020, the report projects a 2.6% contraction—representing an improvement over last month’s forecast of a 3.1% decline.

Economists React to New Construction and Mortgage Rate Reports


Economists this week commented on recent New Construction and Freddie Mac reports.

Why Record-Low Mortgage Rates Could Keep Falling


According to a recent post published by  the experts at Bankrate, mortgage rates are set to decline even further as fall approaches. Currently, borrowers have been blessed with record low mortgage rates (in September, the typical 30-year mortgage was hovering at just 3.10%), and it looks like they may have even more cause to celebrate within the coming months.

The State of Mortgage Applications


What a difference a week can make; which in this case translates into a 2% drop off on a seasonally adjusted basis in mortgage applications from a week ago, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending August 28.

The Latest on Forbearance Trends


As of August 10, the total number of loans now in forbearance dipped one basis point from 7.21% of servicers' portfolio volume the week before to 7.20%, according to the Mortgage Bankers Association's (MBA) latest Forbearance and Call Volume Survey. A total of 3.6 million homeowners are in forbearance plans, it estimates.

Fannie Mae: Economy Ready for Rebound After Historic Setback


According to the latest commentary from the Fannie Mae Economic and Strategic Research Group, America’s economy is surprisingly poised to bounce back in the coming quarter.

Homeowners, Renters Report Struggle to Make Payments


As the number of new cases of COVID-19 continue to increase across the world, so too do the number of Americans struggling to make their mortgage and rent payments. According to a new report from ApartmentList, August found just over one-third of Americans surveyed reported lacking sufficient funds to pay their housing bills.

Numbers of Prospective Homebuyers on the Upswing


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.


Connect with us:

© Birchwood Credit Services 2021. Web Development by CommonPlaces Interactive

Contact|Privacy Policy|Site Map|Security & Technology