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Addressing Home Price Expectations

12.12.2018

Consumer expectations on home price changes declined to their lowest level during the year, according to the latest Survey of Consumer Expectations released by the Federal Reserve Bank of New York. The monthly survey which published its findings for November revealed that while there was little change in the short- to medium-term inflation expectations, consumers were generally more pessimistic about their expectations on housing and the labor market.

Why Are Mortgage Applications Declining?

12.05.2018

According to a report by the Federal Reserve Bank of New York’s Center for Microeconomic Data, mortgage loan application rates decreased from 7.1 percent in June to 6.7 percent, due to higher mortgage interest rates. However, application rates for mortgage refinancing rose from 7.5 percent in June to 9.2 percent. Overall, mortgage and mortgage refinance application rates remained low in 2018.

Mortgage lenders not easing up on credit scores despite tanking refis

11.27.2018

Average credit scores for mortgage borrowers remain at a 2018 high, a sign that lenders aren't easing standards despite refinance candidates already falling off on higher rates, according to Ellie Mae's Origination Insights report.

New UltraFICO score stokes concerns about data privacy

10.26.2018

A new credit score that includes a consumer’s cash flow alongside their credit score — dubbed UltraFICO — is winning praise for its potential to help expand access to credit but also stoking concerns about its data privacy implications.

Home Sales Decline Though Prices Hold Steady

10.17.2018

RE/MAX has released its RE/MAX National Housing Report for September 2018. The report illustrates a few clear trends, one of which is fewer home-closings as inventory stabilized over the last month. The report also gave a Median Sales Price of $241,000, continuing a 30-month trend of year-over-year price hikes.

How Will Interest Rates Affect Home Buying?

09.26.2018

While real house prices stayed relatively flat month over month, according to the July 2018 First American Financial Corporation, home prices rose 12.2 percent year over year. Additionally, real house prices are 37.9 percent below their housing boom peak in July 2006 and 12.0 percent below the level of prices in January 2000.

Mortgage Apps Remain Steady

09.06.2018

Mortgage applications decreased by 0.1 percent this week, according to the Mortgage Bankers Association’s (MBA) latest Weekly Mortgage Applications Survey.

Mortgage application volume comes back to earth after rise

08.31.2018

After their first increase in six weeks, mortgage application activity declined despite lower interest rates, according to the Mortgage Bankers Association.

A Decade Later, Where Does Credit Access Stand?

08.22.2018

Next month marks the 10-year anniversary of the collapse of Lehman Brothers, generally viewed as the moment the Great Recession began. But a decade later, much has changed in the consumer credit marketplace, most notably and overtly in the mortgage sector, according to the Q2 2018 Industry Insights Report by TransUnion that looks at the meltdown's effect on consumer access to credit and the relationship they have with it.

Fed Survey: Home Price Growth Expectations Cool

08.15.2018

Consumers expectations of home price growth cooled slightly in June while the percentage of consumers who think credit will become easier to access over the next year declined, according to the July 2018 Survey of Consumer Expectations, released Tuesday by the Federal Reserve Bank of New York.

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