The 30-year fixed-rate mortgage averaged 6.43% as of April 27, according to Freddie Mac’s (OTCQB: FMCC) latest Primary Mortgage Market Survey. This is a rise from last week when it averaged 6.39%. A year ago at this time, it averaged 5.10%. The 15-year fixed-rate...
Pending home sales declined in March, the first recorded drop since last November, according to the National Association of Realtors (NAR). The trade group’s Pending Home Sales Index took a month-over-month tumble by 5.2% to 78.9 in March; on a year-over-year basis,...
Wells Fargo & Co. (NYSE: WFC) has entered a 10-year partnership with the T.D. Jakes Group, a conglomerate owned by the evangelist T.D. Jakes, that will provide up to $1 billion in capital, financing and grants to revitalize low- and middle-income communities. The...
Profit margins on median-priced single-family home and condo sales during the first quarter of this year were down by 44.2%, according to new data from ATTOM. This marked the third straight quarterly decrease nationwide and resulted in the lowest investment return...
The U.S. mortgage delinquency rate stayed in the vicinity of its record low depth during February, according to new data from CoreLogic. In February, 3% of all mortgages in were in some stage of delinquency, a 0.4% dip from one year earlier but a 0.2% uptick from the...
Homebuyer affordability declined in March as with the national median payment applied for by purchase applicants increasing 1.6% to $2,093 from $2,061 in February, according to the Mortgage Bankers Association’s (MBA) Purchase Applications Payment Index (PAPI)....
