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FICO Rolls Out Tool to Simulate Credit Score Impacts

FICO Rolls Out Tool to Simulate Credit Score Impacts

by Phil Hall | Oct 28, 2024 | Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

FICO (NYSE: FICO) has released the FICO Score Mortgage Simulator as a new analytic tool for mortgage professionals. According to the Bozeman, Montana-headquartered company, the new tool simulates the potential impacts to a consumer’s FICO Score with various simulated...
Mortgage Rates Are Climbing Again

Mortgage Rates Are Climbing Again

by Phil Hall | Oct 24, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates were on the rise once more in the new Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.54% as of Oct. 24, up from last week when it averaged 6.44%. A year ago at this time, it averaged...
Mortgage Applications Down, Forbearance Levels Up

Mortgage Applications Down, Forbearance Levels Up

by Phil Hall | Oct 23, 2024 | Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity is in decline while forbearance levels are on the rise, according to data reports from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, decreased 6.7% on a...
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...
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