Home loan lenders are increasingly courting mortgage applicants who, in the past, may have been rejected or seen as risky, according to a recent credit availability report.
Home prices in the Bay Area posted an annual decline for the first time in seven years, per CoreLogic's most recent data. The median price in March fell 0.1 percent to $830,000.
Based on Census data, a new ranking of states tracks domestic migration trends of Americans aged 60 years or more to find which states were most and least popular with retirees.
This week, rates for 30-year fixed mortgages ticked up to 4.20 percent, a gain of three basis points over the previous week, and the fourth consecutive weekly gain, according to Freddie Mac's latest data.
Low supply and affordability are major headwinds facing today's homebuyers, as is the current age disparity among homeowners, according to new analysis.
According to recent Census data, 71.3 percent of new-home sales were financed with conventional loans in Q1 2019, the eleventh quarter in a row in which these loans were used to finance more than 71 percent of all new-home sales.
National affordability conditions are now at a 10-year low, and new data suggest that most Americans can't afford to live in communities offering childcare, schools, and better job opportunities.
Overall mortgage application volume was up 6.6 percent year-over-year last week, but dropped 7.3 percent over the previous week, per the latest index data from the Mortgage Bankers Association.
According to the Department of Commerce, sales of new homes were up 4.5 percent month-over-month in March at a seasonally adjusted annual rate of 692,000
