Mortgages and Banking

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FHA Policy Now Allows ADUs to Boost Borrowers’ Qualifying Income

The new policy will in part help first-time buyers, seniors, and intergenerational... More

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Mortgage Rates Climb for Fifth Straight Week, Surpassing 7.5%

Sellers remain hesitant to list homes in the high mortgage rate environment, and... More

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Federal Reserve Raises Interest Rates to 22-Year High

While headline inflation has cooled, core inflation—price increases minus food and... More

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Federal Reserve Raises Rates by 25 Basis Points in Wake of SVB Collapse

Despite uncertainty in the banking sector, the Federal Reserve’s actions signal a... More

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Housing Forecast: Prices Unlikely to Come Down in 2023

Due to elevated mortgage rates and continued price appreciation, buying power is... More

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Mortgage Applications for New Homes Fall 28.6% on Year-Over-Year Basis in October

As mortgage rates rise to around 7%, both housing demand and the purchasing power... More

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Mortgage Rates Once Again Rise Above 7%

The 7.08% average for the 30-year FRM is more than 4 percentage points higher than... More

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Housing Market Slows as Fed Takes Aggressive Approach to Combat Inflation

Inflation remains at 40-year highs while national housing sales levels have... More

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