Paul Centopani is an editor for National Mortgage News. Prior to joining Arizent, he worked as an editor at a private equity publication and freelances as a sports writer in his spare time. Paul grew up in Connecticut, graduated from THE Binghamton University and now resides in Chicago after seven years as a New Yorker.
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Distance from work is a big part of the home buying decision, particularly since a quick commute often comes with higher home prices and less space. But the sweet spot in some cities is just 15 minutes away.
July 31 -
Investments in technology and emphasis on user experience contributed to an increase in the average satisfaction score for mortgage servicers, according to J.D. Power. Yet only a fifth of customers use mobile platforms.
July 30 -
Homeownership levels reached their highest point since the third quarter of 2014, but some races saw their rates fall, according to the U.S. Census Bureau.
July 27 -
Mortgage rates rose to their highest level since late June, going up for the third time in the past nine weeks, according to Freddie Mac.
July 26 -
A lack of new and existing homes for sale led to a drop in purchase and overall mortgage application volume although refinances grew.
July 25 -
Nonbank mortgage-backed securities servicers increase their exposure to agency loans as the housing market distances itself from last decade's crash, according to Fitch Ratings.
July 24 -
Income inequality is a significant challenge facing America. But when it comes to real estate values in local markets, significant price inequality may actually help homebuyers.
July 23 -
Rising demand and declining housing inventory are pushing home sales faster and at higher median prices than ever before, according to Remax.
July 20 -
Mortgage rates took a small step down, decreasing for the sixth time in the eight weeks since Memorial Day, according to Freddie Mac.
July 19 -
Rising median home prices and tight housing inventory led purchase and overall mortgage application volume to fall although refinances rose.
July 18 -
Fewer sales of existing homes and uncertainty around future fiscal policies will result in fewer mortgage originations than previously expected, according to Fannie Mae.
July 17 -
From Cleveland to Pittsburgh, here's a look at 12 markets offering favorable costs for housing, helping turn renters into potential homebuyers by quickly saving for a down payment.
July 13 -
Mortgage rates broke from their recent respite, increasing for only the second time in the past seven weeks, according to Freddie Mac.
July 12 -
The job market gaining steam year-over-year pushed the purchase and overall mortgage application volume upward despite refinance activity dropping to an 18-year low.
July 11 -
Access to mortgage credit inched up in June, as competition for jumbo loans resulted in looser underwriting, but government lending standards got more restrictive, the Mortgage Bankers Association said.
July 10 -
With the supply of housing down and more jobs available in cities, millennials have flocked to urban neighborhoods at a comparable rate to the suburbs for the first time in decades.
July 6 -
Volatility in the financial markets, uncertainty with foreign trade and the housing supply deficit caused mortgage applications to drop for the second straight week.
July 5 -
Housing demand is high, but few homeowners are interested in selling and the resulting inventory shortage continues to drive home prices higher.
July 3 -
Commercial and multifamily mortgage debt outstanding grew $44.3 billion during the first three months of 2018, the largest first-quarter gain since before the Great Recession, according to the Mortgage Bankers Association.
July 2 -
Maintenance and renovations aren't keeping up with the nation's aging housing stock, creating an influx of obsolete properties that's adding further strain to an already tight inventory of homes for sale.
June 15
