The post Home prices are down — but not enough to ease affordability appeared first on Weekly Real Estate News.
Home prices are down — but not enough to ease affordability
Loan Markets
Average Home Buyer’s Monthly Payment Shot Up 39%—The Biggest Annual Gain On Record
The typical home buyer’s monthly mortgage payment rose 39%, the largest year-over-year gain on record as the average 30-year-fixed rate hovered at a 12-year high of 5.1%. That’s according to a new report from Redfin, a technology-powered […]
Housing Wire
Guaranty Home Mortgage hires EVP to expand retail channel
Tennessee-based mortgage lender Guaranty Home Mortgage Corporation hired Andy Voyles as executive vice president and director of retail lending. The mortgage lender hopes to boost volume in the channel. Voyles will be responsible for growing […]
Financial Markets
Biden admin cuts some mortgage fees amid housing affordability crisis
Washington, DCCNN — The Biden administration announced Wednesday a change that will save an estimated 850,000 home buyers — primarily low- and middle-income and first-time buyers — an average of $800 on home financing costs this […]