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Home Price Gains Slow As Mortgage Rates Rise: Altos

Are last year’s surprising home price gains evaporating? As interest rates climb again, some of the price signals are softening. Inventory is climbing vs. last year, and home prices have stayed flat for three weeks now. The price reductions data has turned less bullish for future sales also.  Mortgage rates

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Ardley Launches White-Label Automated Underwriting Engine

Reston, Virginia-based Ardley Technologies announced on Tuesday the launching of its white-label automated underwriting engine called Autopilot, which the company states will enable lenders to create instant, conditional loan approvals for qualified borrowers.  “The main thing about Autopilot is the speed with which we can offer a decision to a borrower,” Nate

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How Do You Solve The California Housing Crisis?

California looms large in any discussion of housing affordability. The largest state by population, one out of every eight Americans lives in the Golden State, but the homeownership rate is dismal. According to Ben Metcalf, managing director of the Terner Center for Housing Innovation at UC Berkeley, the homeownership rate

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Is Time The Enemy Of Equity For Chronically Distressed Homeowners?

Chronically distressed properties lost more than $7,000 in total home equity on average while cycling in and out of foreclosure, according to an analysis of more than 80,000 properties scheduled for foreclosure auction multiple times in the last three years. The chronically distressed properties cycled in and out of

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Are Mortgage Rates About To Break Out Higher Again?

Will mortgage rates break toward 8% again, making another 2024 data line that looks like a carbon copy of 2023? It’s not part of my 2024 forecast, but since the Federal Reserve likes playing with fire, let’s look at where we are with mortgage rates and their impact on weekly

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