Due to rising mortgage rates and falling rents, it’s cheaper to rent than buy a starter home in every one of the country’s 50 largest metropolitan areas, according to new data from Realtor.com published Monday. February marked the seventh consecutive decline in rental prices for apartments and small homes, with rents falling by about 0.4 percent compared…
Pending home sales over the past four weeks were down nearly 8 percent compared to the same time last year as mortgage rates ticked up slightly and harsh winter weather delayed homebuying, according to a new report from Redfin. The fall in pending sales marked the largest decline since October, Redfin found. This comes as…
Mortgage lenders are gearing up to cut rates further in January as falling inflation raises hopes that the Bank Rate will come down faster than expected next year.
PennyMac Financial Services, Inc. (NYSE:PFSI) Q3 2023 Earnings Call Transcript October 26, 2023 PennyMac Financial Services, Inc. beats earnings expectations. Reported EPS is $1.77, expectations were $1.57. Operator: Good afternoon, and welcome to PennyMac Financial Services, Inc.’s Third Quarter 2023 Earnings Call. Additional earnings materials, including presentation slides that will be referred to in this […]