Author name: Ricky Vasquez

Mortgage applications decreased 0.8% from one week earlier, according to data from the Mortgage Bankers Association (MBA)’s weekly mortgage applications survey for the week ending April 3.  On an unadjusted basis, the index decreased 1% compared with the previous week. The refinance index decreased 3% from the previous week and was 4% lower than the same […]

More than 52,000 homes in Florida and Arizona have slashed asking prices as the once-red-hot Sunbelt market faces its most significant correction since the post-2008 recovery. Roughly 45% of all listings in Arizona and 44% in Florida now carry price reductions — far exceeding the 34.4% national average, according to HousingWire Data. Arizona leads nationally

AI is shifting negotiating power from lenders to borrowers at scale. The institutions that restructure their workflows and tools to meet that reality will grow. The ones that don’t will feel it in pull-through rates before they understand why. For most of mortgage’s recent history, information asymmetry was a structural advantage. Most borrowers didn’t know