Mortgage Industry News
Mortgage Delinquency Rate Bounced Up in April
Foreclosure starts dropped by 23% to 25,000, the lowest since September 2022. Continue Reading Mortgage Delinquency Rate Bounced Up in April
MBA’s Broeksmit on New Regulatory Proposals: ‘This Looks Like a Power Grab’
“It looks like a clear-cut attempt to punish an industry that some policymakers seem to personally dislike or distrust,” Broeksmit said. Continue Reading MBA’s Broeksmit on New Regulatory Proposals: ‘This Looks Like a Power Grab’
Mortgage rates just dipped, and home prices may be ‘reaching the peak’ — but buyers hoping for a free-fall ‘will be disappointed’
Source: Yahoo! --- After climbing above 7% for the first time in 20 years, U.S. mortgage rates moved back down this week even as the housing market continues to reel from high borrowing costs. Rates also dipped despite the Federal Reserve announcing another hike of...
Why 7% Mortgage Rates Are Such a Pain
Source: Next Advisor --- The average 30-year mortgage rate is higher than it’s been in 20 years. Last week, it reached 7%, and it’s still inching higher. But the most startling thing might be just how quickly it got there. A year ago, it was 3.24%. That’s a concerning...
Mortgage Rates Dip Below 7% In The Wake Of Declining Buyer Demand
Source: Forbes --- Mortgage rates slipped below 7% this week, but it wasn’t enough to boost housing activity as mortgage applications continued to decline amid the Federal Reserve hiking its benchmark interest rate for the sixth time this year. The average 30-year,...
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