What does the fix-and-flip market look like right now?

July 8, 2023by

The fix-and-flip market has seen a boom in recent years, with more than 407,000 homes flipped in 2022, a...

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Job gains slow in June, but are probably still too hot to sway the Fed

July 8, 2023by

The labor market is moderating gracefully, but conditions remain too hot for the Fed’s liking. Job gains were relatively...

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Will labor data send mortgage rates to 8%?

July 8, 2023by

From the St. Louis Fed: Initial claims for unemployment insurance benefits increased by 12,000 in the week ended July...

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FHFA rule change could expand the number of suspended counterparties

July 8, 2023by

The Federal Housing Finance Administration is looking to make it easier to put entities and people into its Suspended...

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HMBS issuance reaches a high point for 2023

July 8, 2023by

While the year got off to a rocky start for Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS), issuance in...

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Unemployment rate rises to 5.4% despite job growth. BoC rate hike still on track

July 8, 2023by

The creation of 60,000 new jobs in June wasn’t enough to keep the national unemployment rate from rising to...

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Fixed mortgage rates keep rising, and could continue as bond yields near 4%

July 8, 2023by

Bond yields ended the week sharply higher, flirting with a key technical level of 4% following the release of...

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MJ Gleeson sees home sales fall 14%  

July 7, 2023by

Housebuilder MJ Gleeson said it sold 1,723 homes over the last year, a 13.8% fall on the previous 12...

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HSBC pulls new customer resi range

July 7, 2023by

HSBC will halt new residential applications through brokers at 5pm today (7 July).   The high street lender says it...

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Dudley BS reports 58% rise in new mortgage lending

July 7, 2023by

Dudley Building Society has reported 58% increase in new mortgage lending following a year of growth across the business. Mortgage...

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