Mortgage rates are once again climbing, now consistently exceeding 7%, with investors keenly observing the ramifications of the escalating inflation, all eyes are on the Federal Reserve’s upcoming decision regarding interest rates next week. The latest data from Freddie Mac’s Primary Mortgage Market Survey — which specializes in analyzing standard loans with a 20% down…
In a turn of events that has left real estate experts and economists both surprised and searching for explanations, mortgage demand in the US has spiraled down to levels unseen since 1996. It is imperative, at this juncture, to delve deep into the trends, data, and potential consequences of this significant decline. So, let’s unfold…
The recent trajectory of the mortgage market has given potential homebuyers and investors much to mull over. The focal point of discussions is inevitably the escalated interest rates, which have soared to their highest levels since 2001. This dramatic shift in the landscape prompts a closer analysis of the current market conditions and projections for…
Reflecting the challenges faced by the housing industry, a mere 16 mortgage lenders and brokers have secured their positions on the annual list of Inc. Magazine’s 5,000 fastest-growing private companies in the U.S. for the year 2023. This marks a significant drop from the previous year, 2022, when almost 70 mortgage lenders and brokers were…
In a momentous legal decision, a jury has awarded $612 million to shareholders of Fannie Mae and Freddie Mac, two of the United States’ largest mortgage finance companies. This verdict has sent ripples throughout the financial and legal landscapes, underscoring the complex relationship between government intervention, shareholder rights, and the broader implications for the housing…
The Week of August 14th, 2023 This week’s market review highlights the impact of crucial inflation data on market volatility, as well as the opportunities presented in homeownership. Read on for more insights. Is Consumer Inflation Resurfacing? The Consumer Price Index (CPI) for July indicates a 0.2% rise in inflation, slightly below estimates. However, on…
Introduction In the dynamic landscape of the American financial industry, where businesses constantly strive to make their mark, one company has risen to the occasion with an inspiring story of success and collaboration. American Mortgage Network, a national mortgage lender, has not only secured its position on the prestigious Inc. 5000 list but has also…