In a report from Real Estate Witch, 96% of millennials say high mortgage interest rates have affected their home-buying plans, and 70% say inflation has affected their plans. In addition, 76% are concerned the housing market will only get worse. Of the millennials who plan to buy a home before the end of 2024, half
The Delaware State Housing Authority is scaling back the Delaware Mortgage Relief Program. With federal funding from the American Rescue Plan Act and Homeowner Assistance Fund expected to run out the program will scale back. DSHA Director of Public Relations Laurie Stovall explains which applications will no longer be accepted, and which ones will be.
Mortgage rates dropped a lot, but not nearly enough to hit the magic level that thaws out the housing market. Now they rose again. By Wolf Richter for WOLF STREET. Hype in the media about real estate going to the moon or whatever is a never-ending drama. For example, on CNBC this morning, we read this headline: “Mortgage
A significant dip in mortgage interest rates is catching the attention of home buyers and sellers. “Things are looking good,” Realtor Destiny Roxas said. “Things are getting excited again. I actually have people calling me from 2021 who want to get back into the market.” Optimism is on the rise, according to a monthly survey
FOX Business correspondent Madison Alworth shares why for many first-time homebuyers, the American dream is delayed as a result of high mortgage rates and home prices on ‘Varney and Co.’ A key measure of home-purchase applications surged at the start of the new year despite a slight uptick in mortgage rates. The Mortgage Bankers Association’s
Today’s mortgage interest rates are rising for the first time this week. Here are the latest rates for popular home loans: 30-year fixed: 7.35% 15-year-fixed: 6.49% 30-year fixed jumbo: 7.20% Today’s mortgage interest rates Today’s mortgage rates for fixed-rate terms continue to ascend, while rates for jumbo loans follow the same pattern. 30-year mortgage interest
By Gloria Methri Today 10x Banking Cloud Core Banking FinTech 10x Banking, the cloud-native SaaS core banking platform, and Mast, the cloud-native mortgage origination platform, have partnered to enable real-time connectivity between the two systems. Alongside the partnership comes an API integration guide on 10x Docs, which provides UK mortgage lenders with a quick and simple
Getty Images On balance, more Americans now see mortgage rates falling than rising in the year ahead. That’s the first time it was happened in the history of Fannie Mae’s survey. The latest National Housing Survey showed 31% of consumers expect mortgage rates to drop. More Americans than ever are expecting lower mortgage rates ahead,
CONWAY, Ark. — It’s something that people nationwide have been wanting to hear for quite some time: a better opportunity to become a homeowner in 2024, thanks to a decline in mortgage rates. “If you look at home ownership, it’s like one of the greatest drivers of just the entire GDP of the country and
The corner of Chatham and Academy in Cary, North Carolina. Courtesy of Town of Cary North Carolina terminated four economic incentive agreements Tuesday, including a 2021 grant for the national mortgage lender PennyMac Financial Services to create 322 jobs in Cary. In a Dec. 19 letter to the North Carolina Department of Commerce, PennyMac executive