The Indianapolis, IN metro housing market shows sellers adjusting expectations as 55.8% of active listings reduced prices during the week ending Oct. 31, 2025. Despite steady buyer activity with 512 homes absorbed weekly, the combination of rising inventory and widespread price cuts signals a shift in negotiating power. Active inventory reached 5,509 single-family homes, up […]
Indianapolis housing market sees 56% price cuts Read More »
As of yesterday afternoon, mortgage rates were right in line with the highest levels in more than a month. The upward momentum was largely a product of 2 specific days: the October 29th Fed announcement and yesterday’s duo of economic reports that suggested less cause for concern over the labor market and strength of the
Nice Little Recovery For Mortgage Rates Read More »
Loandepot leadership said the company has set the course for profitability but still ended up in the red at the end of the third quarter, posting a loss for the fourth straight earnings period. The national lender reported a net loss totaling $8.7 million based on generally accepted accounting principles, with the total including fair-value
Loandepot touts growth trajectory after latest earnings loss Read More »
Home prices continue to rise across the country, despite the market tilting in favor buyers. The national median single-family existing-home price increased 1.7% year over year to $426,800 in the third quarter, the same annual growth rate as the second quarter, an analysis by the National Association of Realtors found. “Home sales have struggled to
Home prices trend up despite little seller leverage Read More »
Bess Adler/Bloomberg Key insight: Federal Reserve Gov. Christopher Waller’s comments suggest the barriers to nonbank firms acquiring a “skinny” Fed master account — a concept Waller himself introduced late last month — may be higher than were previously assumed. Expert Quote: “There’s a misunderstanding out there that somehow just a fintech can show up and
Waller hedges on nonbank access to ‘skinny’ master account Read More »
Fannie Mae announced updates to underwriting guidelines, including a change that removes mention of a long-standing minimum credit score benchmark. Instead of a minimum score used to address risk, Fannie Mae updated language behind the previous requirement with a minimum credit risk standard based on evaluations made in its Desktop Underwriter system itself. “The minimum
Fannie Mae updates credit score language in DU update Read More »
Al Drago/Bloomberg Key insight: Federal Reserve Governor Michael Barr said the short-term impact of AI-related job cuts will likely lead to long-term economic gains, as new technology may create new jobs with higher pay. He also said the central bank is working to bring inflation back to its 2% target but noted there is “some
Fed Gov. Barr says AI may cause ‘dislocations’ in labor force Read More »
After a month of consecutive drops, mortgage rates ticked back up this week, following the 10-year Treasury. The 30-year fixed-rate mortgage averaged 6.22%, up five basis points from last week’s mild drop of two basis points to 6.17%. according to Freddie Mac’s Primary Mortgage Market survey. The 30-year rate was 6.79% a year ago. “On
Mortgage rates bounce back up after month of drops Read More »
UWM Holdings had its strongest production quarter since the pandemic-fueled 2021, beating its own guidance, taking advantage of a brief window where rates fell in September. “Although I don’t know if you guys recognize it, but it was a dominant, dominant quarter,” Mat Ishbia, chairman, CEO and president said on the earnings call. The company
UWM posts best production quarter in four years Read More »
Kent Nishimura/Bloomberg Key Insight: The Fed says its revised supervisory framework reflects that large banks are well capitalized, have sound liquidity positions and good asset quality Supporting Data: Roughly 47% of large financial institutions were considered not “well managed” under the former framework. Expert Quote: “Bank ratings should reflect overall safety and soundness, not just
Fed says banks are well managed even with a deficient rating Read More »