The ongoing slump in existing home sales is quite likely to curb consumer spending in the U.S. in the not-too-distant future, economists at First American Financial warn. With the exception of the fourth quarter of 2024, existing home sales have declined year-over-year for 15 consecutive quarters. But durable goods purchases tied to housing are still […]
Stagnant home sales likely to be a drag on US economy Read More »
Homebuyers seemed to look past high mortgage rates in their efforts to purchase newly constructed homes last month, offering a bright note amid a broadly uneven housing market. Mortgage applications for new homes increased 8.5% year-over-year in June, according to the Mortgage Banker Association. Applications were down 4% from May, but the report noted that
June sees uptick in new-home loan demand Read More »
Mortgage lenders tightened their offerings in June in what could be a sign of greater difficulty for borrowers looking to get into a new home. New data from the Mortgage Bankers Association showed less credit on offer in June, the first decrease since late 2024. The trade group’s Mortgage Credit Availability Index, which tracks loan
Delinquency risk leads to less credit for borrowers Read More »
While some would-be U.S. homebuyers are feeling squeamish about high interest rates and broader economic uncertainty, foreign buyers are increasingly eager to get a slice of the country’s housing market. Foreign buyers bought more than 78,000 homes between April 2024 and March 2025, according to a study from the National Association of Realtors, a 44%
Foreign buyers snapping up U.S. homes again Read More »
For the rest of 2025, it’s an open question if the non-agency mortgage-backed securities market maintains its strong performance from the first six months, given the backdrop of tariffs, economic uncertainty and housing affordability, said Morningstar DBRS. Issuances in the first six months of 2025 topped volume for the same period in 2024 and credit
Non-QM drives RMBS H125 gains amid uncertain outlook Read More »
In June, home price growth cooled to its slowest pace in two years, with over a quarter of top U.S. markets posting annual price depreciation, according to the latest data from Intercontinental Exchange. The rate of annual growth decelerated to 1.3% across the country in June, falling from 1.6% a month earlier, ICE’s mortgage technology
Caution signs appear as home price depreciation spreads Read More »
Despite speculation following the Federal Open Market Committee’s June meeting that a rate cut could come as early as this month, most economists still expect the central bank to hold off until September or later. Only one respondent in Wolters Kluwer’s Blue Chip Economic Indicators survey, conducted July 7 and 8, after the stronger-than-expected June
No Fed cut in July, nearly all economists surveyed say Read More »
Home prices continued to rise in June even as softer demand dampened sales and kept homes on the market for longer. The median home sales price hit $399,633 for the four weeks ending July 6, according to Redfin, setting a new record. The prices are up 1% from the same time last year. But signs
Home prices hit new high as pending sales slip Read More »
A sweeping new law, branded as a pillar of President Trump’s second-term agenda, carries significant implications for the housing market, from affordable housing to investor tax breaks. Within the colossal 870-page package are a number of changes that have won applause from many in the housing industry. “These provisions form the backbone of the real
What the new tax law means for lenders, borrowers Read More »
Consumer homebuying sentiment slumped in June, with mounting fears over job cuts and tariff fallout darkening the housing outlook, according to Fannie Mae’s latest data. Fannie Mae’s Home Purchase Sentiment Index fell to a reading of 69.8 in June, falling 5% after it recovered to a score of 73.5 a month earlier. The latest index
Tariffs, jobs, rates: What’s sinking buyer mood most? Read More »
Founded in 2006, the key to our success has been consistently providing outstanding customer service. We take pride in treating our clients with honesty and integrity.
NMLS 2042983
DRE 2126218
Copyright © Loanstar Mortgage, and its licensors. All rights reserved. Websites powered by Loanstar Mortgage. This is not a commitment to lend. All loans are subject to final underwriting approval and verifications. NMLS 2042983, DRE 02126218