Home - MortgagePoint
Nov 5, 2024 · The National Association of Realtors revealed that pending home sales increased in September, while contract signings increased nationwide as buyers benefited from the combination of lower late-summer mortgage rates and more inventory to choose from.
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Costs Mounting for Home Buyers - The MortgagePoint
20 hours ago · According to new research from Clever Real Estate, a St. Louis-based real estate company, home buyers spend an average of $31,975 in home-buying expenses, such as closing costs, repairs, and moving, in addition to their down payment. The report, The report, “The True Cost of Buying a Home in 2024 ...
Housing Supply vs. Aging in Place - The MortgagePoint
Nov 6, 2024 · A new report from the Mortgage Bankers Association’s (MBA) Research Institute for Housing America (RIHA) takes a closer look at the shifting demographics for older Americans over 50 and the impact on the nation’s housing supply.. The report, authored by Gary V. Engelhardt, Professor of Economics in the Maxwell School of Citizenship and Public Affairs at Syracuse University, and Faculty ...
Which Mortgage Lenders Led the Way in Customer Satisfaction?
1 day ago · “The variability in rates and higher costs for buyers increases the importance of understanding consumers’ individual situations,” said Bruce Gehrke, Senior Director of Wealth and Lending Intelligence at J.D. Power.“Consistently, we’re seeing that lenders that play an active advisory role in helping their clients navigate the current market are …
Fed Cuts Interest Rate by a Half-Point - The MortgagePoint
Sep 18, 2024 · The decision by the Fed was nearly unanimous, with opposition coming from Michelle W. Bowman, member of the Board of Governors of the Federal Reserve System, who preferred a smaller 0.25% percentage point cut. “In assessing the appropriate stance of monetary policy, the Committee will continue to monitor the implications of incoming information for the economic outlook,” said Powell.
Keeping Homeownership Within Reach - The MortgagePoint
Mar 13, 2024 · This piece originally appeared in the March 2024 edition of MortgagePoint magazine, online now.. The winding path to homeownership remains difficult for many. Millions of American families do not currently own their homes, with recent Zillow research finding that the percentage of renting families that could easily afford a mortgage payment decreased dramatically over the past decade or so.
Homebuyer Affordability Continues to Improve - The MortgagePoint
Sep 30, 2024 · Edward Seiler, MBA’s Associate VP of Housing Economics and Executive Director for the Research Institute for Housing America, revealed that while homebuyer affordability rose in August, mortgage application payments dipped. He adds that he "expects that lower mortgage rates, coupled with increasing housing inventory, will entice additional homebuyers to enter the housing market.”
Good News for Renters Seeking Affordable Rentals
1 day ago · The median asking rent in the U.S. increased by just 0.2% year-over-year to $1,619 in October, according to new Redfin data. Month-over-month, overall rents decreased by 0.6%. Due to a development boom in some Sun Belt states brought on by a spike in demand during the epidemic, rents have stayed ...
Mortgage Payments Slip in September - The MortgagePoint
Oct 31, 2024 · In September, the national median payment that purchase applicants sought for dropped from $2,057 in August to $2,041, indicating an improvement in homebuyer affordability. This is in line with the Mortgage Bankers Association‘s (MBA) Purchase Applications Payment Index (PAPI), which uses ...