Redfin, Seattle, reported the typical homebuyer’s monthly mortgage payment shot up 39%, the largest year-over-year gain on record, as the average 30-year-fixed rate hovered at 5.1%.
Tag: Redfin
Industry Briefs Apr. 28, 2022: FHFA Announces GSEs’ Duty to Serve Plans for 2022-2024
The Federal Housing Finance Agency published the 2022-2024 Underserved Markets Plans for Fannie Mae and Freddie Mac under the Duty to Serve Program., which outline the government-sponsored enterprises’ commitment to serving manufactured housing, affordable housing preservation and rural housing.
Housing Market Roundup Apr. 26, 2022
Here is a summary of recent stories of interest to the real estate finance community that have come across the MBA Newslink desk:
Housing Market Roundup Apr. 21, 2022
Here is a summary of housing/economic stories that recently came across the MBA NewsLink desk:
Industry Briefs Apr. 18, 2022: Wells Fargo Expands Efforts to Advance Racial Equity in Homeownership
Wells Fargo, San Francisco, announced an initiative to help advance racial equity in homeownership. The company will develop a Special Purpose Credit Program to help minority homeowners, whose mortgages are currently serviced by Wells Fargo, refinance those mortgages. Initially, through the program, Wells Fargo will identify eligible Black homeowners who could benefit from a refinance product.
Record Share of Homebuyers Relocating
Redfin, Seattle, reported a record 32.3% of Redfin.com users nationwide looked to move to a different metro area in the first quarter, up from 31.5% a year earlier and up significantly from 26% in 2019, before the pandemic.
Housing Market Roundup: Apr. 8, 2022
Here’s a quick-hit summary of recent housing reports that came across the MBA NewsLink desk:
Industry Briefs Apr. 6, 2022: SitusAMC Launches Warehouse Administration Services
SitusAMC, New York, launched its Warehouse Administration Services, a suite of technology-enabled turnkey services to help warehouse lenders setup, execute, enhance and scale their warehouse businesses while improving efficiency and reducing costs.
Condo Prices Offer Homebuyers Little Solace
Record-high prices and scant inventories are driving many homebuyers to the condominium market—but they’re not finding opportunities there, either.
Housing Market Roundup: Mar. 25, 2022
Here is a summary of housing market reports that came across the MBA NewsLink desk this week: