HousingWireHousingWire 2024 was a disappointing year for those looking forward to a Fed rate-cut cycle and what that could do to mortgage rates. A strong economy (and a skittish Fed) pushed rate cuts all the way to September — and then mortgage rates went higher! However, the bond market got…
Continue reading →HousingWireHousingWire All the housing market data for 2024 is in, and it’s fair to say that the housing market surprised us again! However, there are two big trends that stand out as we launch into 2025 — affordability and sellers in the market. The elephant in the room is affordability….
Continue reading →HousingWireHousingWire Despite rising mortgage rates through much of 2024, recent indications show growing boldness among homebuyers heading into the new year. A report released Monday by the National Association of Realtors (NAR) showed an increase in pending home sales for the fourth consecutive month. NAR’s Pending Homes Sales Index (PHSI)…
Continue reading →HousingWireHousingWire Refinance volume is only a fraction of what it was three years ago when mortgage rates plummeted to historic lows, but borrowers have returned in greater numbers this year. Recent data from CoreLogic shows that $347 billion in refinances were originated during the first 10 months of 2024. That’s…
Continue reading →HousingWireHousingWire While 2024 was rife with challenges for the mortgage industry broadly — across forward and reverse — a new year brings a new mindset. Some challenges remain, with mortgage rates being chief among them. Education and distribution can also likely be improved. But there are also new opportunities for…
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