The post The US housing market, Part 1: A look back at 2022 | Cumberland Comment appeared first on Weekly Real Estate News.
The US housing market, Part 1: A look back at 2022 | Cumberland Comment
Financial Markets
It’s bad enough mortgage rates are over 7% – now it’s harder to qualify for a home loan
Source: CNBC — It’s a double whammy for would-be homebuyers. Not only are interest rates soaring, it’s getting harder to qualify for a loan. The average rate on the popular 30-year fixed mortgage climbed […]
Housing Wire
A refi wave is years away as mortgage rates settle at 7%
With mortgage rates surging to the 7% mark, industry observers believe that a new refi wave won’t return for several years. Lenders have started to prepare their businesses for at least two more years of […]
Housing Wire
The importance of loan quality debt monitoring
In the mortgage industry, the time between when a hopeful borrower submits their loan application and the loan actually closing is 50 days on average, according to the Origination Insight Report by ICE Mortgage Technology. […]