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Mortgage rates surge to highest level since 2000

Housing Wire

The 30-year fixed-rate mortgage has hit the highest level since the year 2000,” Sam Khater, Freddie Mac’s chief economist said. 28, up 12 basis point from last week ’s 7.19%. By contrast, the 30-year fixed-rate mortgage was at 6.70% a year ago at this time.

Mortgage 466
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ATTOM: Mortgage Originations Dropped 6.8 Percent in Q1 to Lowest Level Since 2000

Appraisal Buzz

As of the end of the first quarter, mortgage origination volume had fallen in 11 of the previous 12 quarters, to the lowest level since 2000. Percent in Q1 to Lowest Level Since 2000 appeared first on MortgageOrb. Percent in Q1 to Lowest Level Since 2000 appeared first on Appraisal Buzz.

Mortgage 195
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Mortgage apps decline 2.3% to the lowest level since 2000

Housing Wire

Demand for mortgage loans declined to the lowest level since 2000 last week due to affordability challenges and uncertainties regarding the U.S. decline from the previous week and fell 82% from the same week in 2021 to its lowest level since November 2000, driven by a 6% drop in conventional refi applications. for the week ending Aug.

Mortgage 384
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Like U.S. population, the workforce is aging faster

Housing Wire

of workers in 2023 at least 65 years old, compared to 23% in 2000, according to a new report from the Employee Benefit Research Institute (EBRI). The share of older workers in the U.S. has grown significantly since the turn of the century, with 29.5% White Americans apparently switched places with Hispanic Americans during that time.

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Circa 2000: What agents need to know about Y2K(itchens) and baths

Inman

The ability to discuss style, features and the changing lifestyle of homeowners from one decade to the next will prove to be very helpful in serving an agent's clients.

Agents 133
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Equity surge boosts homeowner net worth by $208K: John Burns 

Housing Wire

Meanwhile, homeowners who bought in January 2000, January 2006 and January 2013 have received boosts of $414,000, $338,000, and $343,000, respectively. Overall, U.S. homeowners held $31.8 trillion in home equity at the end of 2023, up from $15 trillion in 2006, the previous peak of the housing cycle.

Investing 441
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Former HUD Secretary Marcia Fudge becomes a partner at law firm Taft

Housing Wire

Fudge earned a law degree from Cleveland State University and entered politics in 2000 after being elected mayor of Cleveland-area suburb Warrensville Heights. House of Representatives representing Ohio’s 11th Congressional District, which encompasses parts of Cleveland and Akron.

Law 418