Commercial mortgage delinquencies were on the rise during the second quarter, according to data from the Mortgage Bankers Association (MBA). Based on the unpaid principal balance of loans, the MBA reported the following second quarter delinquency rates based on...
A Michigan credit union is seeking to attract new home loan borrowers by offering 30-year fixed-rate mortgages at a 4.99% rate. The Detroit Free Press reports Michigan Legacy Credit Union — which has branches in Wyandotte, Warren, Pontiac, Highland Township and Flat...
Canadians are re-evaluating their relationships with their financial institutions for additional credit support, according to new research from Equifax Canada. Among the key findings from the survey are the following: 56% of mortgage holders say they will explore...
The 30-year fixed-rate mortgage averaged 6.35% as of Sept. 11, its lowest level since last October. According to the Primary Mortgage Market Survey (PMMS) published by Freddie Mac (OTCQB: FMCC), this week’s mortgage rate is down from last week when it averaged 6.50%....
The rate of mortgage credit availability recorded a mild uptick in August according to new data from the Mortgage Bankers Association’s (MBA) Mortgage Credit Availability Index (MCAI). Last month, the MCAI rose by 0.1% to 104.0 in August; the index was benchmarked to...
Mortgage application activity surged during the week ending Sept. 5, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 9.2% on a seasonally adjusted basis from...
