While about a third of Americans believe they’ll never be able to afford their dream home, a new survey from Bankrate revealed that almost 50% of respondents suggest that now isn't the best time to buy a home based on current market conditions. Click through to explore the latest on homebuyer sentiment.
Read More »Average New Mortgage Payments up 60% in Last Two Years
"The average principal and interest payment among borrowers purchasing a home using a 30-year fixed-rate loan hit its highest point ever in July at $2,306, and that's before taxes and insurance are factored in." said Black Knight VP of Enterprise Research Andy Walden.
Read More »Mortgage Rate Increase Slows HELOC Activity in First Half of 2023
While HELOC activity surged in 2022, a new report from CoreLogic showed that demand slowed significantly in the first half of this year as Freddie Mac revealed the average 30-year fixed-rate mortgage reached its highest level in over two decades.
Read More »Online Valuation Sites Causing Housing Envy
A large percentage of younger Americans are using online searches and valuations to gauge their worth and their neighbors' incomes based on their homes, an act that is also causing envy and anxiety.
Read More »Study: Both Lenders and Borrowers Facing Challenges
“Higher mortgage rates, record levels of home price appreciation, constrained housing inventories, and economic inflation are challenging for both lenders and borrowers,” said Paul Doman, President and CEO of Accurate Group.
Read More »Q4 Senior Home Equity Levels Dip to $12.39T Nationwide
According to a new report from National Reverse Mortgage Lenders Association, the slight drop in the NRMLA/RiskSpan Reverse Mortgage Market Index was driven by a modest decline in senior home equity from a peak of $12.42 trillion in Q3 2022 to $12.39 trillion in Q4 2022.
Read More »Staying Put: What Homeowners Need to Age in Place
As many seniors expressed worry about high interest rates, some 90% said they still want to age in place, but a new Point study revealed mounting costs for home improvements may be necessary in order to stay put.
Read More »Senior Home Equity Exceeds Record $11.8T
The National Reverse Mortgage Lenders Association and RiskSpan Reverse Mortgage Market Index hit a record high of 413.22, while senior housing wealth grew by nearly $226 billion in Q3 of 2022.
Read More »Black, Native American Borrowers Still Facing Uneven Mortgage Playing Field
A new FairPlay analysis of U.S. mortgage approvals reveals deep inequities in mortgage fairness over time, as data found that mortgage fairness for both applicants in a community declines as the population of Black and Native American residents increases.
Read More »Addressing Concerns About Home-Equity Loans
Despite record amounts of equity, certain types of home equity borrowing in 2020 dropped drastically. This study examines homeowners’ anxieties.
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