Mortgage rates continued to decline, according to the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.76% as of Feb. 27, down from last week when it averaged 6.85%. A year ago at this time, it...
A total of 1.64 million mortgages for residential properties were issued during the fourth quarter of 2024, according to new data from ATTOM. This represents a 3% drop from the third quarter, but it was also a 14% spike from the fourth quarter of 2023. ATTOM noted...
Mortgage application activity slipped during the week ending Feb. 21, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, decreased 1.2% on a seasonally adjusted basis from...
Two new data reports are showing a decline in mortgage applications for new home purchases and the increased challenges in being able to afford a mortgage. The Mortgage Bankers Association (MBA) reported mortgage applications for new home purchases decreased 6%...
Mortgage rates continued to trend down in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.85% as of Feb. 20, down from last week when it averaged 6.87%. A year ago at this time, it averaged...
Mortgage application activity and mortgage forbearance levels are falling, according to new data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, decreased 6.6% on a seasonally adjusted...
