Mortgage rates ascended anew in Freddie Mac’s (OTCQB: FMCC) latest Primary Mortgage Market Survey. The 30-year fixed-rate mortgage averaged 6.81% as of July 27, up from last week when it averaged 6.78%. A year ago at this time, it averaged 5.30%. The 15-year...
U.S. mortgage delinquency plummeted to a historic depth, according to new data from CoreLogic that determined 2.6% of all mortgages were in some stage of delinquency during May. This is down from 2.8% in April and 2.7% in May 2022. During May, early-stage...
The combination of elevated mortgage rates and an inflation-heavy economy has created a financial strain and growing unhappiness with customer service among mortgage servicing customers, according to the J.D. Power 2023 U.S. Mortgage Servicer Satisfaction Study. This...
The latest housing market statistics showed a drop in home sales last month and a lower level of mortgage application activity last week. Sales of new single‐family houses in June were at a seasonally adjusted annual rate of 697,000, according to estimates published...
Chicago-headquartered Guaranteed Rate introduced OneDown, a mortgage product that features down payment options as low as 1% plus an additional 2% contribution towards that down payment. OneDown also offers borrowers a $1,000 contribution toward lender fees. The...
The number of serious delinquencies – defined as loans 90 days or more past due – dropped to 471,000 in June, the lowest since August 2006, according to new data from Black Knight Inc. (NYSE:BKI). June’s level is 177,000 loans lower (-27%) from one year earlier....
Report: Renting a Starter Home is Cheaper Than Buying in the 50 Largest Met…
