Mortgage rates are tied to movement in the bond market and bonds were close enough to Friday’s levels that mortgage rates were essentially unchanged today. This keeps the average lender in the lower portion of the narrow range seen over the past 4 months. If rates manage to move noticeably lower from here, they’ll be […]
Mortgage Rates Hold Steady to Start Holiday-Shortened Week Read More »
A federal judge has certified a class of borrowers in a pay-to-pay lawsuit against Dovenmuehle Mortgage, opening the servicer to a larger legal battle with potentially thousands of consumers. Processing Content U.S. Chief District Judge Catherine C. Eagles granted George Custer’s motion for class certification last week, after he filed his complaint in April 2024.
Dovenmuehle pay-to-pay plaintiffs win class certification Read More »
Availability of for-sale inventory shrank at its quickest pace in over two years last month, as new home listings also landed at their lowest level since mid 2024, according to Redfin. Processing Content Active listings decreased 1.4% from October, the largest seasonally adjusted drop since June 2023. The number doubled the previous month’s 0.7% pace
Housing inventory sees steepest drop in over two years Read More »