Mortgage Applications Dip Again in Late May

According to the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending May 26, 2023, U.S. mortgage applications decreased 3.7 percent from one week earlier.

U.S. Homebuilders Tell Congress WOTUS Rule is a Blow to Housing Affordability

Despite the nation in the midst of a housing affordability crisis and an economy confronting high inflation, the National Association of Home Builders told Congress this week that the Biden administration's decision to push through a far-reaching waters of the United States (WOTUS) rule will needlessly raise housing costs.

Record Number of U.S. Home Sellers Gave Concessions to Buyers in Late 2022

According to national property broker Redfin, home sellers gave concessions to buyers in 41.9% of home sales in the fourth quarter of 2022 --the highest share of any three-month period in Redfin's records.

Commercial, Multifamily Lending in the U.S. Dives 13 Percent in Q3

According to the Mortgage Bankers Association's most recent Quarterly Survey of Commercial and Multifamily Mortgage Bankers Originations, U.S. commercial and multifamily mortgage loan originations decreased 13 percent in the third quarter of 2022 compared to the same period last year. 

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