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Mortgage Rates Drop Below Five Percent

Mortgage Rates Drop Below Five Percent

by Third Party | Aug 4, 2022 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market

MCLEAN, Va., Aug. 04, 2022 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing that the 30-year fixed-rate mortgage (FRM) averaged 4.99 percent. “Mortgage rates remained volatile due to...
Mortgage applications inch up for the first time in five weeks

Mortgage applications inch up for the first time in five weeks

by Third Party | Aug 4, 2022 | Industry Updates, Mortgage Information, News/Current Events, U.S. Housing Market

Source: CNBC —  Mortgage applications inched up last week for the first time since June 24. Total mortgage demand increased 1.2% as the average 30-year fixed mortgage rate made the largest weekly drop since 2020. Applications to refinance a home rose 2%,...
Pablo Quintanilla: The Ghosts of Home Ownership

Pablo Quintanilla: The Ghosts of Home Ownership

by Third Party | Aug 3, 2022 | Industry Updates, Mortgage Information, News/Current Events

Source: KQED —  Hispanic homeownership in the U.S. climbed significantly in 2020 – there are now 8.8 million Hispanic homeowners in the country, according to a report released this week by the National Association of Hispanic Real Estate Professionals. That’s...
Retirement-Aged Homeowners Least Likely to Utilize Equity

Retirement-Aged Homeowners Least Likely to Utilize Equity

by Third Party | Aug 3, 2022 | Mortgage Information, Real Estate Agent Tools, Real Estate News

Source: The M Report —  Hispanic homeownership in the U.S. climbed significantly in 2020 – there are now 8.8 million Hispanic homeowners in the country, according to a report released this week by the National Association of Hispanic Real Estate Professionals....
Total Household Debt Surpasses $16 trillion in Q2 2022; Mortgage, Auto Loan, and Credit Card Balances Increase

Total Household Debt Surpasses $16 trillion in Q2 2022; Mortgage, Auto Loan, and Credit Card Balances Increase

by Third Party | Aug 3, 2022 | Industry Updates, Mortgage Information, News/Current Events

Source: New York Fed —  NEW YORK – The Federal Reserve Bank of New York’s Center for Microeconomic Data today issued its Quarterly Report on Household Debt and Credit. The Report shows an increase in total household debt in the second quarter of 2022,...
Poland’s mortgage holiday for households threatens bank profits

Poland’s mortgage holiday for households threatens bank profits

by Third Party | Aug 2, 2022 | Industry Updates, Mortgage Information, Real Estate News

Source: FT.com —  As inflation soars and recession looms in Poland, a break from mortgage payments will be a much-needed reprieve for Jakub Rdzanek and his wife. The couple have seen their monthly home loan bills soar more than 70 per cent since the start of the...
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