Lower rate environment boosts refi volume & helps thaw existing home sales market, presenting opportunities for private lenders. Learn more from Fannie Mae.
Summary: Mortgage rates dropped to their lowest level since May 2023, providing a positive turn for homebuyers eagerly awaiting opportunities. Private lenders can benefit from this decline.
California's statewide median price dipped 0.3% in December. Learn how home sales in California remain near a 16-year low. Read more here.
Discover the latest industry news: December sees a decline in housing starts by 8.6%, offering valuable insights for private lenders. Read more.
Discover which city has the largest yards in the US. Get insights on yard sizes without any sales pitch. Stay informed at Weekly Real Estate News.
Browse the latest news on the real estate market incl. Alec Baldwin's $19 million Hamptons property listing, analyzed & summarized by an industry expert. Learn more at Weekly Real Estate News.
Private lenders may find it interesting that December home sales were down 7.3% YoY, although the median sold price of $400,000 increased by 3.9% from December 2021.
David Stevens, a legendary figure in mortgage banking, passed away after a remarkable four-decade career. Explore his impactful contributions to the industry.
Examine the mortgage rate decline and forward curve as positive indicators, indicating a potential refi resurgence. Gain valuable insights as an analyst.
As a mortgage industry expert, I provide non-salesy summaries of industry news. HUD Secretary Fudge indicates willingness to tackle affordability concerns, addressing a crucial issue for private lenders.
