Pending Home Sales Decline in July 2025 as Canceled Contracts Hit Record High, Signaling Buyer Hesitation Washington, D.C. – August 28, 2025 – The U.S. housing market showed signs of continued stagnation in July, with pending home sales ticking down 0.4% from June amid a sharp spike in contract cancellations, according to the latest report … Read more
Most people know what a mortgage is, due to the fact that many people have one. But, do you know how the mortgage came about? Here’s some basic history on the mortgage and where it came from: In the beginning, a mortgage was merely a transfer of land for a fee. The buyer paid the … Read more
Mortgage Rates Slingshot Higher as Tariff Uncertainty Roils Markets April 8, 2025, 12:29 PM PDT — Mortgage rates surged Tuesday, climbing 25 basis points in the past 24 hours to an average of 6.85% for a 30-year fixed loan, erasing last week’s declines and signaling fresh volatility in the U.S. housing market. The spike, reported … Read more
FHFA Decides Against Cutting Fannie Mae and Freddie Mac Loan Limits In a significant move for the U.S. housing market, the Federal Housing Finance Agency (FHFA) has announced that it will not reduce the loan limits for Fannie Mae and Freddie Mac, the two government-sponsored enterprises (GSEs) that play a critical role in mortgage financing. … Read more
July 15, 2025 – A growing number of U.S. housing markets are experiencing falling home prices, signaling a cooling of the post-pandemic real estate surge. According to a CNBC report citing ICE Mortgage Technology, nearly one-third of the nation’s 100 largest metro areas saw annual price declines of at least 1% in June 2025, with … Read more
BREAKING NEWS Mortgage Rates Tumble Amid Tariff Easing, But Housing Affordability Crisis Persists June 10, 2024 In a surprising shift, U.S. mortgage rates have dropped sharply this week, hitting their lowest level in months as global trade tensions ease. The average 30-year fixed-rate mortgage fell to 6.2%, down from 6.8% just four weeks ago, according … Read more
Reverse mortgages are one of the biggest growth areas in mortgages Business These mortgages provide an opportunity for older people to obtain cash based on the equity in their homes or condos. When a reverse type mortgage is used, the lender makes payments to the homeowner at an agreed-upon rate. The homeowner doesn’t have to … Read more
Mortgage Demand from Homebuyers Pulls Back After Four Weeks of Gains U.S. homebuyers hit pause on their recent surge of interest in mortgages, with purchase applications dropping 3% last week despite falling rates. This retreat follows a promising four-week streak of increases, highlighting ongoing affordability struggles in a market where lower borrowing costs still aren’t … Read more
KB Home Unveils Its First ‘Fire-Resilient’ Community in California: A Step Towards Safer Housing In response to the growing threat of wildfires in California, KB Home, one of the nation’s leading homebuilders, has unveiled its first-ever “fire-resilient” community. This innovative development aims to protect homeowners from the devastating impacts of wildfires by incorporating advanced construction … Read more
A 40-year mortgage, with either fixed or adjustable rates, is starting to gain more attention in the mortgage business. with interest rates With rising and real estate prices booming in 2005, lenders have started offering 40-year mortgages as a viable option to buy your dream home. Although the 40-year mortgage has been around since the … Read more