Mortgage Industry News
Mortgage Rates Down Slightly, Though Still Elevated
The 30-year fixed-rate mortgage averaged 7.02%, down from last week when it averaged 7.09%. Continue Reading Mortgage Rates Down Slightly, Though Still Elevated
Mortgage Application Activity Inches Up Slightly
Mortgage applications for new home purchases in April increased 22.1% from one year earlier. Continue Reading Mortgage Application Activity Inches Up Slightly
Declines Reported in New Home Sales, Mortgage Application Activity
The purchase index was at “its lowest level in over a month,” said MBA’s Joel Kan. Continue Reading Declines Reported in New Home Sales, Mortgage Application Activity
Guaranteed Rate Debuts Down Payment Assistance Product
OneDown also offers borrowers a $1,000 contribution toward lender fees. Continue Reading Guaranteed Rate Debuts Down Payment Assistance Product
Serious Delinquency Rate Crashes to 17-Year Low
However, early-stage delinquencies (30-days late) increased by 19,000 (+2.2%) from May to 1.65 million. Continue Reading Serious Delinquency Rate Crashes to 17-Year Low
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