The 30-year fixed-rate mortgage averaged 6.43% as of April 27, according to Freddie Mac’s (OTCQB: FMCC) latest Primary Mortgage Market Survey. This is a rise from last week when it averaged 6.39%. A year ago at this time, it averaged 5.10%. The 15-year fixed-rate...
The U.S. mortgage delinquency rate stayed in the vicinity of its record low depth during February, according to new data from CoreLogic. In February, 3% of all mortgages in were in some stage of delinquency, a 0.4% dip from one year earlier but a 0.2% uptick from the...
Homebuyer affordability declined in March as with the national median payment applied for by purchase applicants increasing 1.6% to $2,093 from $2,061 in February, according to the Mortgage Bankers Association’s (MBA) Purchase Applications Payment Index (PAPI)....
More Americans were applying for mortgages last week, according to new data from the Mortgage Bankers Association (MBA). The trade group’s Market Composite Index was up by 3.7% on a seasonally adjusted basis from one week earlier, while the unadjusted index was up by...
The Consumer Financial Protection Bureau (CFPB) issued guidance on debt collectors who threaten to foreclose on homes with mortgages past the statute of limitations, stating such actions could be in violation of the Fair Debt Collection Practices Act and its...
The U.S. delinquency rate fell below 3% for the very first time, according to new data from Black Knight Inc. (NYSE:BKI). The delinquency rate slid by 53 basis points (-15%) last month to 2.92%. In a press statement, Black Knight explained the March data was neither...
FBI Adds Fugitive Real Estate Fraudster to Most Wanted List
