Loan locks for refinances rose more than 20% year over year while purchase lock counts saw a 6% decrease, according to Optimal Blue‘s January 2025 Market Advantage mortgage data report released Thursday. Purchase lock volume climbed 16% from December, but year-over-year counts – which control for home-price appreciation – were down 6%. That marked the…
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The overall defect rate for mortgages declined across all loan types between the second and third quarters of 2024. But errors related specifically to insurance increased significantly, growing to 3.03% of all defects, according to a report released Thursday by ACES Quality Management. ACES releases a quarterly report that uses post-closing quality control data that’s…
With a new baby and new jobs, a couple searched the city’s residential neighborhoods with ‘little idea of what the real Miami might be.’ Here’s what they found.
Paying less for rent leaves more money to mingle.