Home equity lending activity rises 50% over two years
Renovations, already the leading use for these borrowings, increased their share to nearly two-thirds of the products' market, the Mortgage Bankers Association said.
Housing markets
Annual home price growth hits lowest rate since 2012
Ten Western states that benefited from a pandemic-driven boom reported value declines in May, CoreLogic said.
Fannie Mae sees tightening ahead but leaves housing forecast unchanged
Researchers at the government-sponsored enterprise also maintained their outlook for a modest recession but moved anticipated onset to the fourth quarter this year.
Seasonal jump in housing interest reverses
A larger share of sellers were optimistic in May, but the percentage of enthusiastic buyers fell, according to Fannie Mae's Home Purchase Sentiment Index.
Home building cooled over 20% in large metros in Q1
Construction activity in smaller cities also saw a significant annual decline, according to the National Association of Home Builders.
Home price growth cools to 4% in 1Q
But there are regional variations in housing markets across the country, the Federal Housing Finance Agency said.
New-home lending increases for third straight month
The Mortgage Bankers Association sees the likelihood of a rise in sales activity later this year based on recent construction trends, in a turnaround from the 2022 market.
Q2 RMBS demo strong performances, yet longevity risks linger
Low interest rates on 2021 and 2022 mortgages might mean low prepayment rates, exposing investors to duration risk on supported mortgage-backed securities.
Investors declare confidence, even as housing market volatility prompts RMBS flight to quality
Home price overvaluations over 10% are easing in some markets, analysts say, but RMBS investors are still cautiously tightening liquidity amid uncertainty.
10 states see an annual decline in home prices: CoreLogic
Housing costs increased at the slowest pace in over a decade nationwide, even while monthly growth now exceeds its pre-pandemic level.
Fannie Mae boosts housing outlook, even as economy slows
Stronger than expected demand and home prices drove the latest forecast.
Home price growth slows but demand remains strong
Fannie Mae researchers found housing costs decelerating for the fourth straight quarter, but limited inventory may be driving hopeful buyers to look for opportunities in the new-construction market.
Mortgage credit rises thanks to more jumbo offerings
But overall availability still remained near a 10-year low in March, with government-backed products falling for the third time in four months, the Mortgage Bankers Association found.
Mortgage origination outlook brightens in March
Last month saw purchase rate locks increase by 44%, jumping past the 30% average in February, according to Black Knight's report.
More than 10% of recent homebuyer loans are slipping underwater
Affordability constraints have made borrowers who bought properties within the last 12 months increasingly vulnerable to price declines.
Home prices rise for first time in seven months: Black Knight
Lower mortgage rates during the early part of the month, along with fewer properties for sale helped to drive values higher.
New-home sales unexpectedly rise, showing some stabilization
Purchases of new single-family homes increased 1.1% to an annualized 640,000 pace after a 633,000 rate in January, government data showed Thursday.
Down payment size down 10% from last year
And in January, all-cash buyers reached their highest share in nine years, at 32.1%, Redfin said.
Home equity gains grow in Q4
By the end of December, 63% of borrowers saw home values increase by 7.3%, for a collective gain of $1 trillion, CoreLogic's report found.
Mortgage disclosure proposal aims to boost home construction
The CFPB is requesting input on adding specifications that are intended to alleviate TRID compliance concerns on construction-to-permanent single-close loans and those requiring separate construction and home loan closings.
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