The latest Primary Mortgage Market Survey from Freddie Mac (OTCQB: FMCC) showed rates taking a slight drop from last week. The 30-year fixed-rate mortgage averaged 6.35% as of May 11, down from last week when it averaged 6.39%. A year ago at this time, the rate...
The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 3.56% by the end of the first quarter of this year, according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey. This...
Last month saw a total of 32,977 U.S. properties with foreclosure filings, a 10% decline from the previous month but an 8% uptick from one year earlier. According to data from ATTOM, one in every 4,234 housing units had a foreclosure filing in April. Lenders started...
Homebuyers will suffer if President Biden and the GOP leadership cannot reach an agreement on the debt ceiling, according to a data analysis from Zillow Group (NASDAQ: Z, ZG). While acknowledging that a debt default was “very unlikely” Zillow predicted mortgage rates...
Clever Real Estate, the St. Louis-headquartered real estate technology company, announced it raised an additional $2 million in funding from the venture capital firm Cultivation Capital and EssentVentures LLC, a subsidiary of Essent Group Ltd. (NYSE: ESNT). The...
The luxury home building firm Toll Brothers Inc. (NYSE:TOL) has unveiled its newest community: Toll Brothers at Wildflower, which is coming to Saratoga Springs, Utah. Construction of the sales center and model homes is now under way and sales will begin this fall. The...
A Phil Hall Op-Ed: So, I Asked ChatGPT to Predict 2027’s Housing Mark…
