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Mortgage Delinquency Rate Crashes to a New Low
No state posted an annual increase in overall delinquency rates in March. Continue Reading Mortgage Delinquency Rate Crashes to a New Low
Mortgage Application Activity Sinks Amid Economic Tumult
“We have yet to see sustained growth in purchase applications,” said MBA’s Joel Kan. Continue Reading Mortgage Application Activity Sinks Amid Economic Tumult
Additional Reading: Top Mortgage Industry News & Headlines
Morgan Stanley slashes its U.S. housing market outlook—here’s where it sees the home price correction going in 2023
Source: Yahoo! --- On a national basis, home prices fell 1.3% between June and August. That marked the first decline measured by the lagged Case-Shiller National Home Price Index since 2012. It's more than just a small dip, it's a trajectory shift. At least that's...
High mortgage rates send homebuyers scrambling for relief
Source: KAGS TV --- LOS ANGELES — Mortgage rates are more than double what they were a year ago, so many homebuyers are looking for ways to put off some of the pain for a few years. The trend has driven adjustable-rate mortgages, or ARMs, to the highest usage in over...
Mortgage rates fall for the second week in a row
Source: CNN --- Mortgage rates dropped again this week, after plunging nearly half a percentage point last week. The 30-year fixed-rate mortgage averaged 6.58% in the week ending November 23, down from 6.61% the week before, according to Freddie Mac. A year ago, the...
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