Fewer mortgage applications were being processed for the week ending Jan. 3, according to data from the Mortgage Bankers Association (MBA); the week’s results included an adjustment for the New Year’s holiday. The Market Composite Index, the MBA’s measure of mortgage...
Mortgage rates started the New Year moving closer to the 7% mark, according to the latest Primary Mortgage Market Survey from Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.91% as of Jan. 2, up from last week when it averaged 6.85%. A year ago...
Mortgage applications decreased 21.9% from two weeks earlier, according to data from the Mortgage Bankers Association (MBA) for the week ending Dec. 27, 2024; the results included an adjustment to account for the Christmas holiday. The Market Composite Index, the...
Mortgage rates ended 2024 hovering back to within the vicinity of the 7% level, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.85% as of Dec. 26, up from last week when it averaged...
The total share of mortgages in forbearance increased to 0.50% in November, up from 0.47% in October. According to data from the Mortgage Bankers Association, an estimated 250,000 homeowners are in forbearance plans. The share of Fannie Mae and Freddie Mac loans in...
Mortgage rates shot up again in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.72% as of Dec. 19, up from last week when it averaged 6.60%. A year ago at this time, it averaged 6.67%. The...
Escrow Abuse in the Spotlight: What the McKenna Case Means for Real Estate …
