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Q1 Household Debt Tops the $17 Trillion Level
Mortgage originations (including refinances), dropped in the first quarter to $324 billion, the lowest level seen since 2014. Continue Reading Q1 Household Debt Tops the $17 Trillion Level
Mortgage Rates Inch Lower
“This week’s decrease continues a recent sideways trend in mortgage rates,” said Freddie Mac’s Sam Khater. Continue Reading Mortgage Rates Inch Lower
Housing Market Predictions For The Next 5 Years. What Return Can You Expect?
Source: Forbes --- Key takeaways The housing market is a hot topic right now, and after experiencing rapid growth over the pandemic years it looks to now be slowing down. Experts are expecting real estate values to fall over the next 12 to 18 months, before they...
‘Zombie Debt’: Homeowners face foreclosure on old mortgages
Source: Centre Daily Times --- Rose Prophete thought the second mortgage loan on her Brooklyn home was resolved about a decade ago — until she received paperwork claiming she owed more than $130,000. “I was shocked,” said Prophete, who refinanced her two-family home...
Mortgage lenders expect the housing market to worsen in 2023
Source: firsttuesday Journal --- Following record lender profits in 2021, 2022 has mortgage lenders packing their bags and heading for the exits. The Mortgage Bankers Association (MBA) believes the U.S. will enter a recession in the first half of 2023. The MBA expects...
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