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Mortgage Applications for New Home Purchases Surged in July

Mortgage Applications for New Home Purchases Surged in July

by Phil Hall | Aug 18, 2025 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage applications for new home purchases in July were up by 7% from the previous month and were also up 6.8% year-over-year, according to data from the Mortgage Bankers Association (MBA). The trade group estimated new single-family home sales were at a seasonally...
Will a Fannie Mae-Freddie Mac IPO Raise or Lower Mortgage Rates?

Will a Fannie Mae-Freddie Mac IPO Raise or Lower Mortgage Rates?

by Phil Hall | Aug 15, 2025 | Mortgage Information, News/Current Events, Real Estate Investing, Real Estate News, U.S. Housing Market, WRE News Exclusive

Will the Trump administration’s plans to sell shares in Fannie Mae (OTCQB: FNMA) and Freddie Mac (OTCQB: FMCC) result in a spike in mortgage rates, or will it drive rates down? The answer, it seems, depends which expert you ask. The Trump administration is reportedly...
Mortgage Rates at 10-Month Low

Mortgage Rates at 10-Month Low

by Phil Hall | Aug 14, 2025 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The 30-year fixed-rate averaged 6.58% as of Aug. 14, 2025, according to the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). This is down from last week when it averaged 6.63%; it also marked the lowest level recorded year-to-date. A year...
Q2 Mortgage Delinquency Rate Down Slightly

Q2 Mortgage Delinquency Rate Down Slightly

by Phil Hall | Aug 14, 2025 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The second quarter delinquency rate for mortgage loans on one-to-four-unit residential properties declined to a seasonally adjusted rate of 3.93% of all loans outstanding, according to data from the Mortgage Bankers Association (MBA). The delinquency rate was down 11...
Foreclosure Activity Up 13% Year-Over-Year

Foreclosure Activity Up 13% Year-Over-Year

by Phil Hall | Aug 14, 2025 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A total of 36,128 residential properties had foreclosure filings in July, up 11% from the prior month and up 13% from one year earlier. According to data from ATTOM, one in every 3,939 housing units had a foreclosure filing in July. The states with the worst...
Refinancing Surge Fuels Rise in Mortgage Application Activity

Refinancing Surge Fuels Rise in Mortgage Application Activity

by Phil Hall | Aug 13, 2025 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity took a substantial increase for the week ending Aug. 8 thanks to an uptick in refinance inquiries, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application...
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