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Homebuyers Optimistic Despite Affordability Fears

10.10.2018

On Monday, Fannie Mae’s Home Purchase Sentiment Index (HPSI) showed little change since September, dropping slightly from 88 to 87.7. Three of the six major factors used to assess the index dropped overall, including sentiment toward the mortgage rate and U.S. household income. The net share of those who felt less secure in their jobs since last month dropped slightly, by 1 percent, while the share of those expecting mortgage rates to decrease over the next year also dropped 4 percentage points. 

How Will Interest Rates Affect Home Buying?

09.26.2018

While real house prices stayed relatively flat month over month, according to the July 2018 First American Financial Corporation, home prices rose 12.2 percent year over year. Additionally, real house prices are 37.9 percent below their housing boom peak in July 2006 and 12.0 percent below the level of prices in January 2000.

Mortgage Apps Remain Steady

09.06.2018

Mortgage applications decreased by 0.1 percent this week, according to the Mortgage Bankers Association’s (MBA) latest Weekly Mortgage Applications Survey.

Mortgage application volume comes back to earth after rise

08.31.2018

After their first increase in six weeks, mortgage application activity declined despite lower interest rates, according to the Mortgage Bankers Association.

A Decade Later, Where Does Credit Access Stand?

08.22.2018

Next month marks the 10-year anniversary of the collapse of Lehman Brothers, generally viewed as the moment the Great Recession began. But a decade later, much has changed in the consumer credit marketplace, most notably and overtly in the mortgage sector, according to the Q2 2018 Industry Insights Report by TransUnion that looks at the meltdown's effect on consumer access to credit and the relationship they have with it.

Fed Survey: Home Price Growth Expectations Cool

08.15.2018

Consumers expectations of home price growth cooled slightly in June while the percentage of consumers who think credit will become easier to access over the next year declined, according to the July 2018 Survey of Consumer Expectations, released Tuesday by the Federal Reserve Bank of New York.

Why Are Home Sellers Wary of Trading Up?

08.08.2018

The upward movement of home prices has made both home sellers and buyers wary about selling or purchasing a home. This, according to the findings of the Fannie Mae Home Purchase Sentiment Index (HPSI), released on Tuesday.

Pending Home Sales Lag

07.31.2018

Contract signings remained 2.5 percent below their 2017 numbers on an annual basis, despite rising slightly by 0.9 percent in June, according to the latest Pending Home Sales Index released by the National Association of Realtors(NAR) on Monday.

FHFA to write credit score rule rather than pick alternative score for GSEs

07.24.2018

The Federal Housing Finance Agency is suspending its ongoing review of new credit scoring models and will instead move forward with creating a regulatory framework for providers of alternative credit scores to apply and be evaluated for use by Fannie Mae and Freddie Mac.

Credit Scores vs. Lending Rates

07.18.2018

Borrowers with the best credit saw their average annual percentage rate (APR) barely drop from May to June. The upper 95thpercentile saw an average of 4.34 percent APR on conforming 30-year fixed purchase loans last month, which was down from 4.36 percent in May, according to the June Mortgage Offers Report from LendingTree.

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