- Housing News
- September 10, 2021
Mortgage Credit Becoming More Available
Newly released data shows that mortgage credit availability increased in August, meaning it got a little easier to get a mortgage last month.
Ben is the Managing Editor for New American Funding. In this role, Ben helps with content creation, news coverage, and serving our audience of borrowers, real estate agents, loan originators, and other housing professionals. Prior to joining New American Funding, Ben worked at HousingWire, a top housing media outlet. Ben joined HousingWire in 2014 as a reporter and was later promoted to Senior Financial Reporter, Editor, and eventually to Managing Editor. During his time at HousingWire, Ben helped elevate HousingWire to national acclaim and record traffic growth. He was also honored with multiple awards for his work, including an Eddie Award from Folio Magazine and a Gold Award for Best Trade Magazine Story from the National Association of Real Estate Editors.
Newly released data shows that mortgage credit availability increased in August, meaning it got a little easier to get a mortgage last month.
With available inventory slowly increasing and the bidding wars seemingly beginning to dissipate, it appears that prospective homebuyers are starting to feel a small sense of relief.
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It's the same song, different verse when it comes to home prices these days. They keep going up and up and up.
There's much-needed relief on the way for beleaguered home shoppers who are having difficulty finding the home of their dreams, as the number of homes hitting the market is on the uptick.
In many cities and towns across the country, the hallmark of the housing market this year has been fewer homes hitting the market, leading to multiple offers and even downright bidding wars for the homes that do become available. However, it appears that things may be starting to calm down…a bit.
Despite a dip in mortgage applications in July, 2021 had the second-strongest July since 2012, with new home sales unchanged from June.
If you're thinking of selling a house, you might be feeling a little overwhelmed—especially if you need to sell your house fast. You're constantly running through the to-do list in your head: hire a real estate agent, stage the home for viewings, get a home inspection.
After declining for four straight months from February through May, existing home sales are on the comeback trail, having now risen for two months in a row.
For the fourth month in a row, mortgage applications for new home purchases have declined.
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