Trending News: March 22, 2023

Only one in four IMBs were profitable in Q4, Washington homeowners had nation's 2nd-steepest equity loss in 2022, and mortgage rates declined amid banks failures.

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Show Notes

Average IMB lost $2,812 per origination in Q4: Only one in four IMBs were profitable. Read more

WA homeowners had nation’s 2nd-steepest equity loss last year: Washington state mortgage holders saw their home equity fall by an average of $18,900 last quarter from the year prior, according to a new report by analytics company CoreLogic. Read more
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Mom-and-pop landlords stepping in as ‘mega-investors’ retreat from single-family market: While iBuyer purchases and investor activity dipped, investor-driven single-family home purchases were steady in Q4. Read more

Mortgage rates declined amid banks failures. What’s next? The 30-year fixed-rate mortgage was at 6.60% as of March 16, down from 6.73% the previous week. Read more

Music by: Gloria Tells from Epidemic Sound


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