HousingWire’s mortgage news coverage spans the market and includes the coverage you need, from what your competition is doing to how they’re performing and what their future plans may be to the expert and analyst forecasts for how this unusual housing market will pan out in 2023 and beyond.
The housing market’s rapid shifts — which have been spurred on by a combination of fluctuating mortgage rates, low levels of inventory, a looming economic recession, and other unique factors, like a slew of recent bank collapses — are continuing to have an oversized impact on the mortgage industry, even as the Fed slows down its interest rate hikes. And while experts had hoped that the spring buying season would be the key to turning things around, so far, the housing market has continued to buck trends at every turn.
In turn, it’s perhaps more important than ever for industry professionals to stay in the loop on what’s happening within the mortgage industry. From industry insights to expert analysis and mortgage rate forecasts, HousingWire’s mortgage industry coverage can help keep you informed on the news you need the most, even in the most unusual of markets. Sign up here to get the latest in leading mortgage news delivered to your inbox each day.
The latest mortgage news
Mortgage rates declined for the third consecutive week in late March, sparking hope for a good homebuyers’ spring season. But while rates have dropped, the housing market continued to be challenged by low inventory levels.
“Over the last several weeks, declining rates have brought borrowers back to the market but, as the spring homebuying season gets underway, low inventory remains a key challenge for prospective buyers,” Sam Khater, Freddie Mac’s chief economist, said in a statement.
Altos Research data shows that the weekly inventory fell from 414,278 on March 17 to 413,169 on March 24. “As the prime spring buying season takes off and the best time to sell draws near, buyers will be looking for well-priced, ready-to-move-in homes,” Hannah Jones, Realtor.com’s economic data analyst, said in a statement. “Spring sellers should start getting their home ready for sale, keeping in mind that it took longer than expected to prep.”
Home prices accelerated in March even as mortgage rates climbed HW+May 30, 2023
Home prices rose month-over-month for the second straight month in March, and Miami, Tampa and Charlotte led the way.
Housing Market Tracker: Mortgage rates over 7% HW+May 28, 2023
How LOs get into a real estate agent’s circle HW+May 26, 2023
Borrowers could save $100 a month or more by shopping around for mortgages: CFPB HW+May 26, 2023
Colonial Savings to exit mortgage origination business HW+May 25, 2023
AI + humans = New creative solutions HW+May 25, 2023
SoftPro unveils ClosingsLIVE, its closings communication portal HW+May 25, 2023