Fed announces June rate decision
The decision arrives even as inflation showed signs of moderating, with Labor Department data released this morning showing that the consumer price index (CPI) increased by 3.3% in May –...
What’s in store for the mortgage market in 2024’s second half?
Despite the likelihood of rates remaining high for the foreseeable future, many buyers are determined to push ahead with their homebuying plans – with or without a rate cut by...
Cut or hold: What action will the Fed take today?
“Policymakers are likely to back away from a forecast of three rate reductions this year, but it’s unclear whether they will pencil in one or two cuts,” she said. The...
When is housing affordability expected to return to the US?
That’s contributed to a protracted housing market slowdown as borrowers step to the sidelines thanks to much-publicized affordability woes. The report indicated the US economy is likely to perform better...
Mid-Atlantic house prices reach new high in May – report
Many prospective buyers are seeing little choice but to forgo their purchase thanks to high prices, the research said. Meanwhile, year-to-date sales activity is slightly behind that of last year...
Report: Property foreclosure activity on the rise
The report stated that Delaware, Illinois, and New Jersey posted the highest foreclosure rates last month. “Nationwide one in every 4,320 housing units had a foreclosure filing in May 2024....
What’s the latest in the New York mortgage market?
Brian Scott Cohen (pictured top), a senior loan officer with Guaranteed Rate Affinity in the city, told Mortgage Professional America that the New York mortgage market was continuing to advance...
Mortgage lock volume increases as Fed’s rate decision looms
“Although this report is not uniformly strong, on net, it is showing a job market that is still quite tight, which likely means that the Federal Reserve will continue to...
Optimal Blue names next CEO
Tyrrell steps into the new role with over 25 years of experience in the mortgage, finance, and technology industries. Before joining Optimal Blue, Tyrrell held several senior leadership positions, including...
BARH Dunmore expands leadership team with industry veterans
Huff, a 20-year real estate veteran, steps into the role of senior vice president of asset management and servicing. With over 11 years at Wedgewood, he managed loan asset operations...