Lenders have invested in automation, but disconnected systems and inconsistent data are slowing files and keeping loan costs elevated, an industry executive said.
Features like quartzite counters, outdoor showers and fireplaces are drawing higher sale prices as buyers look for homes that feel updated and comfortable.
Moving costs go beyond housing. Taxes, transportation, utilities, insurance and everyday expenses can shift by location, changing how far a budget really goes.
Lawmakers reached a deal on spending levels, but key differences remain on affordable housing, land conservation and other priorities. A special session begins May 12.
Updated scoring models will allow government-backed loan programs to consider additional data in underwriting, including rent and utility payment history.
Rates on 30-year fixed mortgages fell to 6.23% from 6.3% last week, while 15-year rates dropped to 5.58% from 5.65%, giving buyers more breathing room.
