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Here Are the Most Popular Cities for Homebuyers in 2022—and the Places People Can’t Wait To Leave!
Distinctive Mortgages
  • May 9
  • 1 min

Here Are the Most Popular Cities for Homebuyers in 2022—and the Places People Can’t Wait To Leave!

he COVID-19 pandemic shook up just about everything—especially where many people live. It caused a mass real estate migration unlike any...
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Lots of buyers today have six-figure incomes!
Distinctive Mortgages
  • Apr 11
  • 1 min

Lots of buyers today have six-figure incomes!

The median household income in America is about $68,000, according to the Census Bureau — but that may not be enough to help you buy a...
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Rate hikes haven’t depressed interest in purchase mortgages – yet
Distinctive Mortgages
  • Apr 1
  • 1 min

Rate hikes haven’t depressed interest in purchase mortgages – yet

Interest in residential mortgage loans fell 6.8% for the week ending March 25 as rates jump even closer to the 5% mark, according to the...
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Existing-home sales roller coaster continues in February!
Distinctive Mortgages
  • Mar 21
  • 1 min

Existing-home sales roller coaster continues in February!

The roller coaster of existing-home transactions continued in February, with sales backtracking to a seasonally adjusted annual rate of...
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Where home prices are headed through 2023, as forecast by Bank of America?
Distinctive Mortgages
  • Mar 18
  • 1 min

Where home prices are headed through 2023, as forecast by Bank of America?

Federal Reserve Chair Jerome Powell told Congress earlier this month he favors upping rates in order to help rein in runaway inflation....
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Mortgage rates plunge just as home prices set another record!
Distinctive Mortgages
  • Mar 5
  • 1 min

Mortgage rates plunge just as home prices set another record!

Mortgage rates are sinking as markets contend with the ramifications of Russia’s attack on Ukraine, and that means home prices are likely...
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Large share of renters plan on buying in 2022 — but will they be able to?
Distinctive Mortgages
  • Feb 24
  • 1 min

Large share of renters plan on buying in 2022 — but will they be able to?

Among the large swath of renters looking to make a move in 2022, nearly 42% are planning to buy a home, according to a recent survey from...
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Dearth of Inventory, Price Hikes Pose Challenges for Shoppers (January 2022 Market Report)
Distinctive Mortgages
  • Feb 21
  • 1 min

Dearth of Inventory, Price Hikes Pose Challenges for Shoppers (January 2022 Market Report)

*Home value appreciation accelerated again in January, to a record 19.9% annual gain. *Inventory plunged below 900,000 listings, a record...
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Home seller profits rise to highest since at least 2008!
Distinctive Mortgages
  • Feb 4
  • 1 min

Home seller profits rise to highest since at least 2008!

Home sellers across the country realized a median profit of $94,092 on the typical sale in 2021, according to Attom Data Solutions....
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Pending Sales Faded Along with Inventory in December!
Distinctive Mortgages
  • Jan 28
  • 1 min

Pending Sales Faded Along with Inventory in December!

Pending home sales fell for the second month in December and are finishing up the year well below their December 2020 level. The National...
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Purchase Mortgage Activity Strong Despite Surging Rates!
Distinctive Mortgages
  • Jan 24
  • 1 min

Purchase Mortgage Activity Strong Despite Surging Rates!

Interest rates for fixed rate mortgage products shot up by at least a dozen basis points during the week ended January 14, still the...
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Mortgage rates see sizable increase!
Distinctive Mortgages
  • Jan 19
  • 1 min

Mortgage rates see sizable increase!

The average 30-year fixed rate mortgage increased to 3.45% during the week ending Jan. 13, up from 3.22% the week prior, according to the...
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Soaring lumber prices hiking new-home prices by $24,000
Distinctive Mortgages
  • Dec 30, 2021
  • 2 min

Soaring lumber prices hiking new-home prices by $24,000

Want to buy a new home? Get ready to pay a premium of $24,000 thanks to escalating softwood lumber costs, according to the National...
1 view0 comments
Negative Equity Reaches 12-year Low!
Distinctive Mortgages
  • Dec 17, 2021
  • 1 min

Negative Equity Reaches 12-year Low!

On Wednesday CoreLogic reported that prices in October were up 18 percent on an annual basis, the highest level in more than 45 years and...
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Mortgage rates move slowly despite tightening market rates decreased one basis point to 3.10%
Distinctive Mortgages
  • Dec 10, 2021
  • 1 min

Mortgage rates move slowly despite tightening market rates decreased one basis point to 3.10%

Mortgage rates decreased one basis point to 3.10% in the week ending Dec. 9, remaining low and stable despite tighter housing supply and...
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FHFA announces $647,200 conforming loan limit for 2022!
Distinctive Mortgages
  • Dec 1, 2021
  • 1 min

FHFA announces $647,200 conforming loan limit for 2022!

The Federal Housing Finance Agency (FHFA) announced conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac in...
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Christmas Miracle? The Surprising Reason Homebuyers Can Score a Deal Before Ringing In the New Year
Distinctive Mortgages
  • Nov 22, 2021
  • 1 min

Christmas Miracle? The Surprising Reason Homebuyers Can Score a Deal Before Ringing In the New Year

I If buying a home is on your holiday wish list, Santa might actually deliver this year (with some effort on your end, of course). Why?...
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October housing starts disappoint as single-family building slips again...
Distinctive Mortgages
  • Nov 18, 2021
  • 1 min

October housing starts disappoint as single-family building slips again...

Residential construction took another step back in October, with the U.S. Census Bureau and Department of Housing and Urban Development...
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Share of Single-Income Homes on the Rise!
Distinctive Mortgages
  • Nov 12, 2021
  • 1 min

Share of Single-Income Homes on the Rise!

A new survey by Redfin has found that the number of single-income households has increased during the pandemic, either by choice or by...
1 view0 comments
Still rising home prices fuel big seller profits in third quarter!
Distinctive Mortgages
  • Nov 8, 2021
  • 1 min

Still rising home prices fuel big seller profits in third quarter!

With home prices still on the rise, seller profits jumped during the third quarter of 2021, hitting their highest level since the end of...
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