Origination

Taper announcement, slowing COVID cases help remove downward pressure, leading to increases across all loan-term types.

The home price increases and the ongoing inventory shortage made buying conditions difficult and many think it’s only getting more challenging, according to RealtyTrac.

As applications dropped, average loan sizes grew, with the purchase amount hitting its highest level since May.

A gauge of U.S. pending home sales rebounded in August to a seven-month high as prospective buyers welcomed more attractive pricing and additional inventory.

The sharp increases of the pandemic era have added nearly a year to the amount of time the average consumer needs to save for a 20% down payment, according to Tomo.

The purchase of The Commodore Group facilitates the Phoenix-based company’s expansion into the Northeast market and adds to its presence in the Midwest and Mid-Atlantic.

The U.S. housing market has been on fire, with the pandemic fueling intense demand for suburban homes. A shortage of affordable properties has pushed up prices and kept some potential buyers on the sidelines.

Federal Reserve officials reinforced the U.S. central bank’s message that it would probably begin winding down its bond-buying program soon, though the economic recovery still had a way to go before interest rate increases would be appropriate.

The proposal calls for a 20-year mortgage with Ginnie Mae and Treasury participation, but critics suggest that other measures would be more effective in bridging the gap in home equity.

Meanwhile, nearly half of consumers are more worried about severe weather now compared to five years ago, according to Realtor.com.