Mortgages

The share of all-cash deals rose to the highest since 2013 last year, while institutional investors, who usually account for many cash sales, retreated, according to data from real estate data analytics firm Attom. That suggests more regular buyers turned to self funding to dodge punishing mortgage rates.

As many had predicted, the federal regulator will be seeking to halt the acquisition by Intercontinental Exchange, according to a report from Politico.

The National Association of Realtors' index of contract signings to purchase previously owned homes increased 8.1% in January from a month earlier to 82.5. The jump beat all estimates in a Bloomberg survey of economists, which called for a 1% advance.

Overall, depository share has shrunk, but the major player, which had reduced its involvement, has been increasing it and recently shared some thoughts with a HUD official.

But even if plowing back into Treasuries proves to be a winning trade, sticking with it won't be for the faint of heart. 

Depending on the down payment, borrowers could see a .15% to .30% decrease

New starts increased for the fourth month in a row, but are still below pre-pandemic numbers, according to Black Knight's preliminary figures.

Sales of new U.S. homes increased in January by more than expected to the highest level in nearly a year, fueled entirely by purchases in the South, indicating some stabilization in the housing market after a brutal year.

This line item has risen to its highest point since 2019, according to the Mortgage Bankers Association.

The company said it expects to accelerate its timeline for selling through money-losing inventory, as the data-driven home-flipper looks to move on from a tumultuous year.

Buyer affordability has decreased by almost 22% in the past year, according to the Mortgage Bankers Association.

The total price of U.S. homes was $45.3 trillion at the end of 2022, down from a record high of $47.7 trillion in June, according to Redfin's report.

Persistent inflation concerns drove the 30-year average up 41 basis points this month.

The agencies are referencing the discontinued Department of Veterans Affairs' partial claim program and Ginnie Mae's PTAP as they build out new permanent initiatives.

The deal would put housing data provided by the acquiring intelligence provider in front of lenders early in the mortgage borrowing process.

The company also disclosed a 50% decrease in single-family workouts at the end of the year, compared to the same period in 2021.

Lenders are seeking to capture homeowner interest amid higher living costs, but home values have collectively fallen from their record-high last summer.

The cut reverts the mortgage insurance requirement to pre-financial crisis levels.

Volumes fell 18% compared to the previous week, while refinance activity also pulled back.

Payment suspensions will be utilized for other purposes but it remains to be seen whether its application in the pandemic will permanently broaden servicers' use of the strategy.