Weekly Mortgage Demand Declines Amidst Growing Housing Competition.

Mortgage demand witnessed a notable downturn last week, signaling a shift in the market dynamics that had been on an upward trajectory in preceding weeks. The Mortgage Bankers Association's seasonally adjusted index reported a 7.2 percent drop in mortgage applications for home purchases compared... more

• by Biazowa
• February 3, 2024
• Market Trends, Mortgage

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Long Beach Introduces $25,000 Grants for First-Time Homebuyers.

If you're a first-time homebuyer in Long Beach, you're in luck! The city is offering grants of up to $25,000 to assist with the purchase of your dream home. Enter the city’s First-Time Homebuyer Assistance Program, a fantastic initiative tailored to support low- and moderate-income families who... more

• by Biazowa
• January 27, 2024
• Policy, Spotlights

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California to Distribute $250 Million in Down Payment Assistance.

In a significant move aimed at supporting aspiring homeowners, California is gearing up to reintroduce its widely embraced Dream for All program, allocating an impressive $250 million for down payment assistance. Last year's initiative, starting with a robust $300 million, witnessed its entire... more

• by Biazowa
• January 27, 2024
• Policy

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The effects of high mortgage rates on home purchases in the U.S.

In October 2023, home sales in the United States dropped to its lowest since October 2010. This is essentially due to the thirty-year mortgage rates climbing to its highest in more than twenty years. National interest rates tracker by Forbes pegged the thirty-year mortgage rates at 7.74%, up from... more

• by Biazowa
• December 3, 2023
• Market Trends, Mortgage

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