Mortgage rates continued to decline for the third consecutive week in the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 7.44% as of Nov. 16, down from last week when it averaged 7.5%. A year ago at this...
An average of 361 home improvement loans are originated for every 100,000 owner-occupied houses, according to a new data report by LendingTree (NASDAQ:TREE). Also on average, 77.8% of new home improvement loans across the 50 states are second-lien mortgages. And among...
Mortgage application activity is on the rise, according to new data from the Mortgage Bankers Association (MBA) for the week ending Nov. 10. The Market Composite Index, the trade group’s measure of mortgage loan application volume, increased 2.8% on a seasonally...
The Federal Housing Finance Agency (FHFA) announced the 2024 multifamily loan purchase caps for Fannie Mae and Freddie Mac will be $70 billion for each government-sponsored enterprise (GSE), for a combined total of $140 billion to support the multifamily market. FHFA...
The Federal Housing Administration (FHA) has increased the allowable property inspection fee limits for property inspections of single-family homes associated with defaulted FHA-insured mortgages. The inspections are used in a servicer’s preservation and protection of...
A total of 34,472 properties were burdened with foreclosure filings during October, according to new data from ATTOM. This is a 6% decline from the previous month but also a 6% increase from one year earlier. ATTOM determined that one in every 4,051 housing units had...
