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Q1 Mortgage Lending Falls to 20-Year Low

Total residential loans dropped 19% in the first quarter of 2023, reaching the lowest point since 2000; refinancing was also down 85% year-over-year. Source: DS News

Real House Prices Increased 3.2% in March

While the Real House Price Index found that home prices, and therefore affordability, decreased across the country, median household income has increased 4.1% since January 2022. Source: DS News

FHA Proposes New Mortgage Payment Reductions

In an effort to assist struggling borrowers amid an erratic mortgage rate environment, the FHA is proposing a plan to assist borrowers through temporary reductions to monthly mortgage payments [...]

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