Prepayment activity is expected to face seasonal headwinds into early 2023 after hitting another record low in November. “Record low refinance activity and lackluster home sale volume driven by still historically tight home affordability” was the result of prepayment dropping 15.6% to a single-month mortality rate of 0.40%. This was
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Mortgage industry executives, analysts and economists have started to place their bets on where mortgage rates will settle in 2023 amid the Federal Reserve’s tightening monetary policy and the fears of an economic recession. Spoiler alert: don’t expect much, if any, relief for borrowers in the short term. It’s true
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If a single real estate agent were to sell every home that we featured as a House of the Week for its listing price in 2022, they would have made …
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