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Home2023April

Month: April 2023

Home prices
Housing Wire

Home prices increase for the first time in eight months: Black Knight

April 3, 2023 Mark Paul Cervantes Comments Off on Home prices increase for the first time in eight months: Black Knight

Declining mortgage rates could have improved affordability for buyers in the housing market in February, but instead spurred a demand that, combined with a persistent lack of inventory across the U.S., put more pressure on […]

Housing Wire

Even in peril, mortgage lenders are urged to keep investing in tech

April 3, 2023 Mark Paul Cervantes Comments Off on Even in peril, mortgage lenders are urged to keep investing in tech

Mortgage lenders are fighting brutal market conditions, but lenders shouldn’t be pulling back on tech investments. That was the message mortgage and solutions executives emphasized on Sunday during the Mortgage Bankers Association’s (MBA’s) Technology Solutions […]

Dollar
Economy

Dollar gains as inflation worries resurface after OPEC+ surprise

April 3, 2023 Mark Paul Cervantes Comments Off on Dollar gains as inflation worries resurface after OPEC+ surprise

SINGAPORE, April 3 (Reuters) – The U.S. dollar started the week higher as fears over inflation resurfaced after a surprise announcement by major oil producers to cut production further, with traders wagering the Federal Reserve may […]

USD/CHF
Economy

USD/CHF marches towards 0.9200 as US dollar licks its wounds, Swiss inflation, US NFP eyed

April 3, 2023 Mark Paul Cervantes Comments Off on USD/CHF marches towards 0.9200 as US dollar licks its wounds, Swiss inflation, US NFP eyed

USD/CHF picks up bids to renew intraday high around 0.9170 as it extends the previous day’s upside while consolidating the two-week downtrend during early Monday. In doing so, the Swiss Franc (CHF) pair justifies the […]

Bitcoin
Economy

Bitcoin, Ether drop; US equities rise as inflation cools down

April 3, 2023 Mark Paul Cervantes Comments Off on Bitcoin, Ether drop; US equities rise as inflation cools down

Bitcoin dipped in Monday morning trading in Asia but remained above the US$28,000 resistance level, while most other top 10 non-stablecoin cryptocurrencies traded lower following a week unsettled by U.S. regulators’ litigation against the world’s […]

cities
Top News

U.S. cities are filling up with luxury apartments despite ‘housing recession’

April 3, 2023 Mark Paul Cervantes Comments Off on U.S. cities are filling up with luxury apartments despite ‘housing recession’

Scores of luxury homes are coming to major cities across the United States. Analysts at Yardi Matrix projected that more than 400,000 units were completed in 2022, and they expect another strong showing in 2023. […]

Oil prices
Economy

Oil prices surge on output cut, take gloss off US inflation

April 3, 2023 Mark Paul Cervantes Comments Off on Oil prices surge on output cut, take gloss off US inflation

SYDNEY, April 3 (Reuters) – Oil prices surged on Monday after Saudi Arabia and other OPEC+ oil producers announced a surprise round of output cuts, a potentially ominous sign for global inflation just days after […]

Weely Real Estate News

$100M Housing Options Grant Program Opens in PA

April 3, 2023 Mark Paul Cervantes Comments Off on $100M Housing Options Grant Program Opens in PA

The Pennsylvania Housing Finance Agency today has opened the application process for the $100 million Housing Options Grant Program. This program provides a new affordable housing development tool by making additional money available to create […]

Housing Wire

Introducing the 2023 HW Finance Leaders!

April 3, 2023 Mark Paul Cervantes Comments Off on Introducing the 2023 HW Finance Leaders!

In its third year, the 2023 HW Finance Leaders award celebrates the outstanding achievements of the top finance executives in the real estate and mortgage space. As the housing market continues to face volatility, the […]

Weely Real Estate News

Are Automated-Decision-Making Platforms Generating Biased Results?

April 3, 2023 Mark Paul Cervantes Comments Off on Are Automated-Decision-Making Platforms Generating Biased Results?

Consumer Watchdog released a report spotlighting the profiling flaws of algorithms and submitted a letter this week to the state privacy agency outlining how new state regulations can be drawn to stop them.   The […]

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U.S. Market

Rocket
Housing Wire

Rocket lost money last year, so why are its shares up?

February 25, 2024 Comments Off on Rocket lost money last year, so why are its shares up?

​ Rocket Companies, the parent of Rocket Mortgage, lost money in 2023, but executives have expressed confidence about a big turnaround by touting investment in artificial intelligence (AI) to accelerate the company’s profitability. Despite reporting […]

delinquency rates
Housing Wire

Industry experts are closely watching delinquency rates, insurance costs

February 25, 2024 Comments Off on Industry experts are closely watching delinquency rates, insurance costs

​ Mortgage servicers, regulators and economists are closely watching the delinquency rates for Federal Housing Administration (FHA) loans following a spike in the fourth quarter of 2023. Industry experts say that although there’s a correlation […]

Jobs
Economy

Jobs data sends mortgage rates higher

February 3, 2024 Comments Off on Jobs data sends mortgage rates higher

​ Today we got a jobs Friday hat trick! Better headline jobs were reported, with positive revisions and more robust wage growth, which caught bond traders off guard and sent bond yields and mortgage rates […]

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