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Housing markets

Rising rates pushed mortgage payments higher in March

Housing markets, Mortgage applications, Originations /

Home affordability levels reversed course in March, with new monthly mortgage payments heading higher in tandem with interest rates and purchase amounts. Processing Content The median payment on new purchase-loan applications during the month accelerated 3.4% to $2,131 from $2,061 in February, according to the Mortgage Bankers Association affordability index. The latest number came in […]

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Mortgage rates rise on Iran standoff, FOMC meeting news

Economy, Housing markets, MARKETING TO BORROWERS, Mortgage Rates, Originations /

Mortgage rates ended their three-week slide, with the 30-year fixed moving 7 basis points higher as a primary benchmark for pricing loans remained elevated. Processing Content For the first time in a month, the 10-year Treasury yield moved over 4.4% on April 29. Other than that late March rise, the last time it was this

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Housing starts surge to highest level since December 2024

Housing markets, Originations /

New residential construction in the US rose in March to the highest level in more than a year as homebuilders boosted production despite ongoing affordability concerns. Processing Content Housing starts increased 10.8% to an annual pace of 1.5 million homes in March, the highest since December 2024, according to figures released Wednesday by the Census

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Inflation outpaces home-price growth for 9th straight month

Home Prices, Housing markets, Mortgage Rates, Originations /

Although mortgage rates dipped below 6% in February for the first time since 2022, home-price growth continued to slow, two new industry reports found. Processing Content More than half of the major metropolitan markets in the United States posted year-over-year price declines in February, while prices rose 0.7% nationally, according to the S&P Cotality Case-Shiller

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Housing affordability ‘will never’ return, dv01 warns

Housing affordability, Housing markets, Politics and policy /

Long-term conditions in the U.S. housing market have made one thing clear to dv01 researchers: housing will never be affordable again. Processing Content This is the title of a report authored by Vadim Verkhoglyad, vice president and head of market intelligence and research at dv01, which is part of Fitch. The gap is substantial. The

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Motto Mortgage will remain brokerage franchisor under Real

Housing markets, M&A, MARKETING TO BORROWERS, Originations /

Motto Mortgage will retain its current business model of a mortgage brokerage franchisor following completion of parent company Remax Holdings purchase by Real. Processing Content The transaction will also not affect the operations of Wemlo, the mortgage processing business owned by Remax nor that of One Real Mortgage, the mortgage brokerage owned by Real. “Additionally,

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Prepayments hit 4-year high after mortgage rates eased

Distressed, Housing markets, Servicing /

Early-year rate movements led prepayments to a near four-year high in March, while delinquency trends also showed overall improvement typical of seasonal patterns, according to Intercontinental Exchange. Processing Content Mortgage prepayment speeds jumped 24 basis points to 1.06% from a level of 0.82% recorded in February, with the pace accelerating in three out of the

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Banks question Basel omission of PMI in mortgage weights

Federal Reserve, Housing markets, Politics and policy, Risk-based capital /

Key takeaway: The current Basel III capital proposal does not explicitly include mortgage insurance as a factor in determining a loan’s risk weight, but seeks industry input on the potential benefits and drawbacks of doing so, leaving the door open to possible changes.  Expert quote: “There are like 50 reasons why banks don’t want to

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Distressed sales numbers show signs of market ‘normalization’

Distressed, Housing markets, Servicing /

Distressed housing inventory and demand moved higher in the first quarter, reflecting a “continued normalization” back closer to their pre-pandemic levels, according to a new report from Auction.com.  Processing Content Completed foreclosure auctions jumped 10% from the fourth quarter of 2025 and 33% from 12 months earlier. Meanwhile, scheduled property dispositions were also up by

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Sellers no longer deterred by lock-in effect, study finds

Housing markets, Mortgage Rates, Originations, REALTORS & HOMEBUILDERS /

Homeowners are increasingly engaging with the housing market this spring, as many are beginning to let go of their historically low mortgage rates. Processing Content More than a third of sellers have mortgage rates below 5%, yet still plan to list their homes this spring, according to Coldwell Banker’s 2026 Home Shopping Season Report, a

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