Mortgage Rates Set to Remain Higher for Longer
After the Fed's announcement on Wednesday that it is holding interest rates steady, homebuyers hoping for lower mortgage rates will have to keep waiting
As Mortgage Rates Dip, Homeowners With High Rates Move to Refinance
A decrease in rates last week prompted a rise in refinancing by homeowners who obtained their mortgages at near-peak rates
January's Mortgage Rate Dip Prompts Some Thawing of the Housing Market
A drop in mortgage rates from recent peaks nudged more homebuyers and sellers into the market, signaling the start of greater supply and demand
Credit for Builders Still Tight But Shows Some Easing
Credit for residential AD&C remained constrained during Q4 2023, but the good news is that tightening is less widespread than in recent quarters
Are We Headed for a Spring Homebuying Slowdown?
As mortgage rates rise to their highest levels in two months, Freddie Mac warns rates may stay higher for longer, which could affect spring buying
Philadelphia Labor Unions Are Helping Their Members With Homebuying
The housing market is tough. Recognizing that, Philly labor unions are stepping in to assist workers with their home purchases
Post-Closing Appraisals Now Possible for Certain Borrowers, Thanks to New Emergency Rules
To alleviate the challenges faced by homebuyers during the coronavirus pandemic, borrowers with good credit seeking a mortgage loan can now defer…
Financing
How the Mortgage Industry’s Cash Crisis May Hurt Borrowers
The recently passed Cares Act includes a provision that allows homeowners to stop paying mortgages for up to a…
Financing
Borrowers Struggle to Secure Loans Amid Mortgage Market Instability
Experts expect even more mortgage market volatility as a wave of borrowers ask lenders for payment delays…
Financing
Treasury Department Confirms Paycheck Protection Program Applies to Small Construction Firms
Good news for builders: Any small construction company can apply for the Paycheck Protection Program…
Borrower Requests to Delay Mortgage Payments Soar Nearly 2,000%
Requests to delay mortgage payments jumped 1,896 percent between the week of March 16 and the week of March 30…
Lenders Ask Feds for Cash to Avoid Collapse Amid Mortgage Payment Delays
The Cares Act mandates that lenders allow borrowers with government-backed mortgages to delay monthly payments…
Which Cities Are Most at Risk for Coronavirus-Caused Foreclosures?
While stay-at-home orders continue and unemployment soars, the coronavirus is hitting the economy hard. As builders look around, they may be…
Paycheck Protection Program: Builders Uncertain But Hopeful Pursuing Coronavirus Relief Loans
While the federal PPP offers a ray of hope for builders, many building companies—despite their best efforts—are being left with little choice but to lay off employees
Financial Consultant's Advice: Track Your Coronavirus-Related Expenses
From shelter-in-place orders to flip-flopping local essential business definitions, each day provides new…
Where Is the Mortgage Market Headed Next?
After March's wild ride for the mortgage market, the instability is not expected to recede anytime soon. Although…