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US Economic
December employment report caps an extraordinary year of 2.7 million jobs added
The U.S. economy added 216,000 jobs in December, closing out an extraordinary year that saw an increase of 2.7 million…
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US Mortgage
Navy Federal Credit Union denies more than half of its Black mortgage applicants – report
Black applicants were also found to be more than twice as likely to be denied than White applicants even when…
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US Mortgage
Latest inflation report bodes well for mortgage rates
It may be time for the Fed to cut interest rates “Mortgage rates are plunging with the news of inflation…
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US Mortgage
Mortgage lock volume drops by nearly 18%: report
“Multiple factors, such as an 8% mortgage rate, the Fed’s continued fight against inflation and the industry’s cyclical winter lull,…
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US Mortgage
US home prices rise as supply decreases – report
Home prices rose by 5.8% year-to-date, which is well above the median full-year increase in more than three decades of…
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US Mortgage
Millennials found as most pressured by sky-high mortgage rates – report
Declining housing affordability pressuring Millennials Data from the BofA shows Millennials have experienced a near 20% increase in mortgage debt…
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US Mortgage
Hispanic household wealth defies recessions and economic downturns – report
In 2013, the SCF reported that Hispanic median household wealth stood at a mere $17,500 after adjusting for inflation. The…
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US Economic
Blowout employment report is a win for the American real economy
The U.S. September employment report, with a surprising gain of 336,000 jobs, surely exaggerates the true underlying pace of hiring…
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US Mortgage
Fannie Mae releases monthly report
Serious delinquency rates, the measure of credit performance as well as an indicator of potential future defaults for single-family and…
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US Mortgage
Housing affordability declines in August – report
“If mortgage rates shift lower in 2024 as we anticipate, the combination of rising inventory levels and lower rates should…
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