The U.S. foreclosure rate held steady in July for the 17th consecutive month in July at 0.3% while the serious delinquency rate (90 days or more late) dropped to a 23-year low at 1%, according to new data from CoreLogic. During July, 2.7% of all mortgages were in some...
Mortgage rates have reached a level not seen since Bill Clinton was in the White House, according to the latest Primary Mortgage Market Survey from Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 7.31% as of Sept. 28, up from last week when it...
Closing costs and monthly mortgage payments spiked last year while Black and Hispanic buyers faced higher levels of denial on home loans, according to the new report “Data Point: 2022 Mortgage Market Activity and Trends,” published by the Consumer Financial Protection...
The level of mortgage application activity declined last week, according to new data the Mortgage Bankers Association (MBA). The Market Composite Index, the trade group’s measure of mortgage loan application volume, was down by 1.3% on a seasonally adjusted basis from...
Teachers Federal Credit Union, one of the nation’s largest credit unions with $9.7 billion assets and more than 460,000 members in all 50 states, has begun offering VA loans for active-duty military, veterans, and surviving spouses. “It is our honor to serve...
The 30-year fixed-rate mortgage averaged 7.19% as of Sept. 21, according to data from Freddie Mac (OTCQB: FMCC). This is up slightly from last week when it averaged 7.18%. A year ago at this time, it averaged 6.29% “Mortgage rates continue to linger above 7% as the...
Hits and Misses for the Real Estate Week of Aug. 10-14
