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Mortgage Rates Impacting Home Sales

Mortgage Rates Impacting Home Sales

Mortgage rates moved demonstrably higher last week
Strong Week for Markets, Housing Data May Be Better Than Reported

Strong Week for Markets, Housing Data May Be Better Than Reported

Three-day winning streak after less anxiety from trade fears
Cash-Out Mortgage Refinance Borrowers use money to pay off debts

Cash-Out Mortgage Refinance Borrowers use money to pay off debts

Cash-out borrowers used money to pay down credit card debt and auto loans
Lending Market Set to Open Up Even Before 0.5% Interest Rate Cut

Lending Market Set to Open Up Even Before 0.5% Interest Rate Cut

Fixed-rate mortgages moved even lower this week
Real Estate Market Showing Hopeful Signs for Lenders

Real Estate Market Showing Hopeful Signs for Lenders

Industry has reason for optimism with previously owned homes rising by 1.3% in July
FHA Permanently Removes Face-to-Face Meeting Requirement for Defaulted Borrowers

FHA Permanently Removes Face-to-Face Meeting Requirement for Defaulted Borrowers

Making permanent a key Covid-era change
Euro-Zone Reports First Loan Demand Increase Since 2022

Euro-Zone Reports First Loan Demand Increase Since 2022

Demand for housing loans increase by 16%
CFPB Urges Banks Help Struggling Homeowners Over Foreclosing

CFPB Urges Banks Help Struggling Homeowners Over Foreclosing

New proposal would also reduce paperwork burdens
Metro Bank Restores Plan to Sell Mortgage Loans

Metro Bank Restores Plan to Sell Mortgage Loans

British bank expected to sell between £3 billion and £4 billion of loans to raise capital
CFPB Proposes Ban of Medical Bills on Credit Reports

CFPB Proposes Ban of Medical Bills on Credit Reports

CFPB estimates the proposed rule will result in 22,000 additional mortgage approvals
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