Author: Michael Gersitz

Mortgage application volume dropped 1.3% for the week ending on April 8, from the previous week, as mortgage rates eclipsed the 5% mark.  Refinance applications fell 5% from the prior week and 62% from the same week a year ago,

Housing has always been an engine of economic growth. But that engine could stall if action isn’t taken to increase the supply of affordable housing and expand opportunities for lending to underserved families. The nation’s gross domestic product generally averages

Mortgage delinquency rates in January reached a 23-year low, driven by the skyrocketing housing prices and a strong job market. About 3.3% of mortgages were delinquent by at least 30 days or more including foreclosure in January, according to a