Housing affordability

The typical homebuyer's monthly mortgage payment reached a record high, up 5.3% year-over-year, but consumers are putting more money down, adding to equity.

As the 30-year fixed-rate declined by almost 20 basis points, borrowers took advantage, boosting rate-and-term transaction volumes, Optimal Blue said.

The legislation is aimed at loosening regulation of new-home construction in the Grand Canyon State, where median prices have shot up by 59% since 2020.

More than two-thirds of the counties most at risk of a housing downturn were concentrated in five states, according to a new report from Attom.

January's median payment also grew at its fastest pace since October as volatile interest rates hit homebuyers' wallets, the Mortgage Bankers Association said.

Recent housing trends more favorable to buyers will ease some of the pressure for higher down payments in order to secure a winning bid, Redfin finds.

With today's low inventory, an MIP reduction would again be absorbed into home prices, offering no real relief to buyers, write the co-directors of the AEI Housing Center.

The state's insurance commissioner made the change following analysis of title industry profits and expenses in Texas provided by its stakeholders.

The company, which became a depository in 2022, will be offering affordable housing products and initiatives in 45 states and the District of Columbia.

Mortgage companies are looking for ways to open up credit to more borrowers, but insurance-cost spikes have made a difficult situation more challenging.