Educational HousingWire reports that building permits have slipped to 1.394 million, with builders increasingly relying on sub-6% buydowns to move inventory. The story notes that weaker margins are beginning to raise concerns about construction job security, suggesting the residential construction cycle may be reaching an inflection point after
Educational BREAKING — Mortgage Professional America reports that borrowing costs have reached a 20-month high following the Federal Reserve's first rate increase in three years, with Freddie Mac placing mortgage rates just below the 7% threshold. This marks a significant shift in the lending landscape after a prolonged
Educational BREAKING — Mortgage Professional America reports that mortgage rates are climbing toward 7 percent, with borrowing costs reaching a 20-month high following the Federal Reserve's first rate increase in three years. After a prolonged period of historically low rates, this shift marks a meaningful change in the
Despite the advance in one-family home starts last month, the residential real estate market remains challenged in an environment of rising mortgage rates.
Educational BREAKING — Pending home sales edged up 0.3% from July to August, according to Realtor.com Research, a marginal gain that still left the market down 4.7% compared with the same month last year. The flat month-over-month reading suggests buyers are not retreating further, but the
Educational BREAKING — National Mortgage News reports that pending-home sales unexpectedly ticked up in the latest reading, even with mortgage rates still elevated. The outlet notes that the figures point to lingering pent-up demand for previously owned homes, as buyers who may have been waiting for lower rates finally
Educational BREAKING — National Mortgage News reports that mortgage companies have moved past simply encouraging AI adoption and are now wrestling with how to control spending on it through something called "tokenomics." This shift marks a maturation point in the industry's relationship with artificial intelligence, where the
New residential construction activity showed signs of current trepidation among builders, but also some optimism for the future.
The homebuyers who remain in the market have more choices, less competition and more negotiating power. Here’s what you need to know about the U.S.
Educational HousingWire reports that the question of who owns the customer relationship in the mortgage industry has become sharply contested as 30-year rates hover near 7%. In this environment, the article suggests, retention strategies and permissioned access to borrower data may determine which lenders capture the next refinancing wave.