The national mortgage delinquency rate rose 5 basis points (bps) to 3.55% in June, roughly half the typical seasonal rise, according to data from Intercontinental Exchange Inc. (NYSE: ICE). The rate is 60 bps below the June 2019 pre-pandemic benchmark of 4.16%. The...
Mortgage rates inched up for the third straight week in the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed rate mortgage averaged 6.58% as of July 23, up from last week when it averaged 6.55%. A year ago at this time, it...
Mortgage application activity percolated during the week ending July 17, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 1.9% on a seasonally adjusted basis...
Union Home Mortgage (UHM) announced it acquired the origination assets of AmeriTrust Mortgage Corp. As part of the deal, UHM receives AmeriTrust Mortgage’s existing retail branches, wholesale broker relationships and corresponding sales channels in the deal....
The 30-year fixed-rate mortgage averaged 6.55% as of July 16, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). That marked an increase from last week when it averaged 6.49%. A year ago at this time, it averaged 6.75%. The 15-year...
Mortgage applications for new home purchases in June declined by 6% from May but increased 2.4% from one year before, according to data from the Mortgage Bankers Association (MBA). The trade group estimated new single-family home sales were running at a seasonally...
