Luke Baynes, Author at Scotsman Guide

Zillow says that “buyers don't quite have the upper hand” in what it thinks is currently a neutral housing market.

Market Trends

Cheaper rents contributing to ‘neutral’ housing market: Zillow

Monthly rental prices are roughly $100 less than average mortgage payments

Legislation

Senate passes trigger leads bill as legislation nears finish line

Mortgage industry leaders back the Homebuyers Privacy Protection Act, which advanced in the House

Fairway Independent Mortgage, FBC Mortgage and Blue Sage Solutions are among the companies that have made notable moves in the mortgage industry recently.

Company News

Industry Watch: An active time for Fairway Independent Mortgage, FBC Mortgage, Blue Sage Solutions and others

Fairway Independent Mortgage Corp. announced that it has agreed in principle to an asset sale with Indiana-based Hallmark Home Mortgage, which is licensed in 20

U.S. home prices are expected to grow by an average of 2.9% in 2025 and 2.8% next year, according to a panel of experts polled by Fannie Mae.

Market Trends

Home price growth expected to ebb through 2026: Fannie Mae expert panel

Economists continue to dial back their predictions

A a coalition of labor leaders and congressional lawmakers said proceeds from a Fannie and Freddie stock offering should go toward housing for middle-class workers.

Mortgage

Fannie and Freddie may go public. Proceeds should benefit the middle class, lawmakers say

Labor leaders joined a bipartisan group of U.S. reps at a Capitol Hill rally

Interest Rates

Vance attacks the Fed on rate cut delays as Trump piles on

The president called Fed Chair Jerome Powell a ‘numbskull’ for not lowering interest rates

Both the 30-year and 15-year fixed mortgage rates barely budged during the week ending June 12, according to Freddie Mac.

Interest Rates

Mortgage rates inch lower this week

Both the 30-year and 15-year fixed rates barely budged: Freddie Mac

Redfin reported that over a four-week period ending June 8, 28% of homes sold above the asking price, which is down from 32% during that time frame last year.

Market Trends

In another sign of a buyer’s market, fewer homes are selling above asking price

Spring housing trends are starting to resemble the early pandemic months: Redfin

Construction

Labor shortages, immigration crackdowns take a toll on the construction industry

A lack of skilled workers costs builders more than $10 billion annually, study finds

Distressed Assets

May foreclosure filings fall, but repossessed homes spike

Lenders repossessed 34% more homes last month compared to 2024

Luke Baynes

Articles by Luke Baynes

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