The median U.S. mortgage payment during the four weeks ending Dec. 31 was $2,361, according to data from Redfin (NASDAQ:RDFN). This represents a $372 decline (-14%) from October’s all-time high to the lowest level in nearly a year. As payment levels decline, buyer...
Mortgage application activity for the last two weeks of 2023 was down, according to new data from the Mortgage Bankers Association (MBA) for the week ending Dec. 29. The Market Composite Index, the MBA’s measure of mortgage loan application volume, decreased 9.4% on a...
Money magazine is welcoming the new year with its review “Best Reverse Mortgage Companies of January 2024,” with five companies cited for different strengths that set them apart. Longbridge Financial was praised as “Best for Low Interest Rates,” with Money...
The final Primary Mortgage Market Survey published in 2023 by Freddie Mac (OTCQB: FMCC) showed mortgage rates ringing out the year in a continued descent. The 30-year fixed-rate mortgage averaged 6.61% as of Dec. 28, down from last week when it averaged 6.67%. A year...
A former NASA employee and her husband were indicted by a federal court in Texas for coordinating a fraudulent financing and refinancing mortgage loan scheme. According to the charges brought against them, Noreen Khan was still working at NASA when she and her...
Mortgage rates continued to leave the 7% in the rearview mirror, according to Freddie Mac’s (OTCQB: FMCC) latest Primary Mortgage Market Survey. The 30-year fixed-rate mortgage averaged 6.67% as of Dec. 21, down from last week when it averaged 6.95%. A year ago...
Hits and Misses for the Real Estate Week of June 29-July 3
