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Mortgage Rates Continue to Rise

Mortgage Rates Continue to Rise

by Phil Hall | Oct 17, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates continued to rise in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.44% as of Oct. 17, up from last week when it averaged 6.32%. A year ago at this time, it averaged 7.63%....
Report: The City with the Most Mortgage Delinquency Is…

Report: The City with the Most Mortgage Delinquency Is…

by Phil Hall | Oct 17, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

If you walked out in the streets of Laredo, you’ll have a better-than-average chance of encountering someone dealing with mortgage delinquency. According to WalletHub’s new report on the Cities with the Highest Mortgage Delinquency Rates, the Texas city ranked...
Mortage Application Activity and Credit Availability in Decline

Mortage Application Activity and Credit Availability in Decline

by Phil Hall | Oct 16, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity slowed down for the week ending Oct. 11, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, decreased 17% on both a seasonally adjusted and...
Mortgage Rates Up Sharply

Mortgage Rates Up Sharply

by Phil Hall | Oct 10, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates soared in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.32% as of Oct. 10, up from last week when it averaged 6.12%. A year ago at this time, it averaged 7.57%. The 15-year...
Mortgage Application Activity Slows Down

Mortgage Application Activity Slows Down

by Phil Hall | Oct 9, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity slowed during the week ending Oct. 4, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, decreased 5.1% on a seasonally adjusted basis from one...
Massachusetts in Settlement with Franklin Credit Over Zombie Second Mortgages

Massachusetts in Settlement with Franklin Credit Over Zombie Second Mortgages

by Phil Hall | Oct 4, 2024 | Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

Massachusetts Attorney General Andrea Joy Campbell announced a settlement with mortgage servicer Franklin Credit Management Corporation that resolves allegations that the company violated state consumer protection laws by improperly attempting to collect on debts in...
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