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A change in investor sentiment toward an expected pause by the Fed in short-term rate hikes was the driving force behind the current surge, Freddie Mac said.

The bank is training a large language model to help employees and customers find answers to questions, starting in the mortgage department.

But when compared past periods of upheaval, those rates remain relatively low, the Mortgage Bankers Association report showed.

Businesses in the first quarter lost money in 1 of every 7 home sales, a rate which approached a seven-year high, Redfin said.

The top five depositories have a combined HELOC volume of more than $91 billion at the end of Q1 2023.

The company will acquire 20 branches and some origination employees in the deal.

But more potential owner-occupants are entering this market as a result of tight housing market conditions, Auction.com found.

It was the eighth consecutive quarterly decline of origination activity, according to a report published by Attom Data.

A supervisor allegedly diverted loan assignments from the team's two Black workers to non-Black employees, depriving them of income and performance metrics.

Many borrowers have historically low rates obtained during the 2020-2021 housing boom but a smaller number of people entering the market since 2022 have higher financing costs and less equity.