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Rent growth is slowing, but prices are still near record-highs

July 14, 2023 Mark Paul Cervantes Comments Off

The U.S. rental market has been slowing for more than a year, but the median asking rent is still not far off record highs, according to a new report from Redfin. The median asking rent […]

Buyers gaining time and options as competition eases

August 7, 2022 Mariel Alumit Comments Off

Affordability challenges mount as market rebalancing accelerates, especially in expensive markets Monthly payments on a typical mortgage are more than 75% higher than they were in June 2019. Less-expensive metros are seeing the smallest declines in […]

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

February 25, 2024 Comments Off

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 […]

Industry experts are closely watching delinquency rates, insurance costs

February 25, 2024 Comments Off

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 data sends mortgage rates higher

February 3, 2024 Comments Off

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 […]