Sun.May 21, 2023

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Housing Market Tracker: A wild week for rates

Housing Wire

It was a wild ride for the housing market last week! The 10-year yield rose noticeably, sending mortgage rates near 7% right in the heart of the spring selling season. New listings data fell, however, active inventory grew. And purchase apps had a weekly negative print, continuing the 2023 theme of higher rates impacting the data. Here’s a quick rundown of the last week: Total active listings grew by 3,809 weekly, but new listings are still trending at all-time lows.

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Three Hours On C-SPAN Yields One Granddaughter

Miller Samuel

On Friday morning, I was one of five expert witnesses (and the only as an appraiser) to testify on the topic of appraisal bias in front of the Appraisal Subcommittee (ASC). The witnesses waited together in the green room, plus additional TAF staff. We had a delightful conversation - everyone was very friendly and a pleasure to be with, given the adversarial nature of our looming testimony.

Appraisal 195
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Lender Price launches new tool to automate base pricing

Housing Wire

Lender Price , a leading provider of mortgage loan product and pricing technology, has launched Base Price Solution (BPS), a new pricing tool designed to help banks, lenders, and credit unions optimize their pricing strategies. With the new product, lenders have the ability to quickly generate base pricing, which eliminates the need for multiple spreadsheets used to calculate pricing market swings.

Tools 376
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A BIG 2023 Economic Forecast from Harvard’s Jason Furman

BiggerPockets

Rising interest rates, a new recession, high unemployment, and much more economic uncertainty could be on the way. But what can you expect after such a turbulent past few years?

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Nicole Lapin’s Money Hacks to Rehab Your Finances & Say Goodbye to Bad Debt

BiggerPockets

Wish you had a few money hacks to help with things like getting out of debt, finding the right assets to invest in, and growing your nest egg?

Finance 76