Mortgage credit availability ramped up in January, according to a report released Tuesday by the Mortgage Bankers Association (MBA) that analyzed data from ICE Mortgage Technology. The MBA’s Mortgage Credit Availability Index (MCAI) increased by 250 basis points (bps) on a monthly basis to 99.0 in January 2025. By comparison, the index rating was 92.7…
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The Supreme Court of Hawaii this week decided that insurance companies seeking to file their own suits against those deemed responsible for 2023’s devastating wildfires on the island of Maui cannot proceed, paving the way for a $4 billion settlement to continue, according to reporting from the Associated Press (AP). The wildfires destroyed roughly 80%…
Despite bolstering its construction activities and the availability of single-family homes, the state of Florida continues to endure shortages in its affordable housing stock that impact the workforce and retirees living on fixed incomes. This is according to a 2024 annual report from the University of Florida’s Shimberg Center for Housing Studies, which examines “recent…
The long-range forecast for mortgage rates has dimmed in recent months, but stability has returned to the market more recently as rates are slowly creeping back down toward 7%. Still, all types of prospective homebuyers — whether they’re a Gen Z worker searching for a starter home, a millennial looking for more space or a…