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Mortgage Rates Drop to 8-Month Low
The 30-year fixed-rate mortgage averaged 6.60% as of Jan. 18. Continue Reading Mortgage Rates Drop to 8-Month Low
Mortgage Application Activity Up 10.4%
The Refinance Index increased 11% from the previous week and was 10% higher than the same week one year ago. Continue Reading Mortgage Application Activity Up 10.4%
Additional Reading: Top Mortgage Industry News & Headlines
Mortgage Delinquencies at Record Low
Every state recorded lower delinquency levels in March, ranging from 11.9% in Washington to 21.5% in Vermont. Continue Reading Mortgage Delinquencies at Record Low
Redfin: One-Third of 25-Year-Olds are Homeowners
The typical mortgage rate for homebuyers under 25 using a conventional loan was 3.3% in 2020 and 3.1% in 2021. Continue Reading Redfin: One-Third of 25-Year-Olds are Homeowners
Mortgage Rates on the Rise Again
“For the first time in over a month, mortgage rates moved up due to shifting market expectations,” said Sam Khater, Freddie Mac’s chief economist. Continue Reading Mortgage Rates on the Rise Again
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