Market Trends
Mortgage applications decrease in the MBA’s latest weekly survey
Despite the decrease, purchase applications reached a two-month high
Despite the decrease, purchase applications reached a two-month high
Many expected the loan limits to be lowered as part of a privatization plan
The number of consumers planning to buy a home in the next six months declines
The moves eliminate Biden administration changes to appraisal reviews
Equifax has launched The Work Number Report Indicator, a new product that helps lenders deliver an Equifax credit report with an indicator of employment status
The surprise move was another sign of ongoing turmoil at Fannie Mae and Freddie Mac
Median home prices were up 3.8% year over year
The Fed remains cautious, but expects to cut rates by half a percentage point this year
Multifamily debt continues to grow faster than the overall commercial real estate market
But overall housing construction remained below last year’s levels