Tag Archives: fixed-rate mortgage (FRM)

As new home sales experienced a decline in February, the 20.4% rise in building materials year-over-year is being passed on to the consumer and pricing many out of the market.

A new forecast by the MBA finds that while originations are expected to decline 33% from this year, lenders will turn their attention to their servicing business in order to meet profit margins.

While monthly mortgage payments are on the rise, progress has been made in affordability for the second consecutive month.

An increase in the number of smaller, affordable homes listed in July provided much-needed relief for first-time homebuyers who have been shut out of the market due to affordability and inventory concerns.

Affordability remains a factor in the decision-making of home shoppers nationwide who would rather sit on the sidelines before committing to an overpriced market short on inventory.

As home prices show gains yet again, continued low rates are propelling buyers to jump into a market short on listings.

Even though rates began an upswing, millennials did not slow down their pace of home purchases, closing slightly more than 50% of all purchase activity.