One of the world’s hottest luxury homes markets is Mumbai, India, where the sales of residences costing $1 million and higher increased by 50% during the first half of this year. According to a report in FXCompared.com, the sale of new luxury homes in Mumbai during...
The Institute for Economics and Peace (IEP) has published its 2023 Global Peace Index (GPI), which measures nations by their internal state of peace. And out of a list of 163 nations, the U.S. ranks 131st. What went wrong for the U.S.? For starters, the Global Peace...
Mortgage rates ascended anew in Freddie Mac’s (OTCQB: FMCC) latest Primary Mortgage Market Survey. The 30-year fixed-rate mortgage averaged 6.81% as of July 27, up from last week when it averaged 6.78%. A year ago at this time, it averaged 5.30%. The 15-year...
U.S. mortgage delinquency plummeted to a historic depth, according to new data from CoreLogic that determined 2.6% of all mortgages were in some stage of delinquency during May. This is down from 2.8% in April and 2.7% in May 2022. During May, early-stage...
The combination of elevated mortgage rates and an inflation-heavy economy has created a financial strain and growing unhappiness with customer service among mortgage servicing customers, according to the J.D. Power 2023 U.S. Mortgage Servicer Satisfaction Study. This...
Pending home sales recorded a mild 0.3% uptick from May to June, according to new data from the National Association Realtors (NAR). This marked the first month-over-month increase since February. However, on a year-over-year measurement, pending transactions were...
A Phil Hall Op-Ed: Lost in the Mail
