Have lower mortgage rates already started to slow down housing inventory? I have a simple weekly growth model with the Altos inventory data: when rates are high, over 7.25%, inventory should grow between 11,000-17,000 weekly. This has happened six times this year and even though that would be an ave

Vice President Kamala Harris, the Democratic nominee for the 2024 presidential election, included initiatives to deal with surging housing costs in her economic plan announced Friday. She promised, if elected, to reduce “red tape” to build homes and provide tax incentives for first-time homebuyers.“

When mortgage rates logged their sharpest decline of the year last week following an underwhelming jobs report, data showed that refinance demand surged.Despite what seems like welcome news for loan originators, who have suffered through thinning margins for two years, refinance business has yet to

As discussed in previous reverse mortgage rate updates, the federally insured Home Equity Conversion Mortgage (HECM) is the dominant reverse mortgage in America. As a result, HECM has become synonymous with reverse mortgages.But did you know that nearly all HECMs originated today are variable-rate l