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...
Roughly half (49%) of U.S. mortgaged residential properties were considered equity-rich in the second quarter, according to new data from ATTOM. This is a slight uptick from 47% in the first quarter and is also the highest level in at least four years. Nationwide, the...
The village government in Long Island that was the home of accused serial killer Rex Heuermann is seeking to purchase the property. The New York Post reported the modest six-room single-family home in Massapequa Park was acquired in 1994 for $170,000 by Heuermann, an...
Hits and Misses for the Real Estate Week of May 11-15
