Mortgage Industry News
Mortgage Delinquency Rate Drops to Historic Lows
“The mortgage delinquency rate fell to its lowest level for any first quarter since MBA’s survey began in 1979,” said MBA’s Marina Walsh. Continue Reading Mortgage Delinquency Rate Drops to Historic Lows
US Foreclosure Activity Stabilized in April
Atlantic City, New Jersey, was the major metro with the highest foreclosure rate. Continue Reading US Foreclosure Activity Stabilized in April
98 Of The 100 Largest Housing Markets Saw Prices Nosedive In September From 2022 Peaks
Source: Forbes --- The housing market is rebalancing after the most competitive and frenetic period in recent memory. The cooling trend that is engulfing the market is expected to continue with more cities seeing home prices decline by this time next year as the shift...
Home prices are falling faster now than in 2006—Redfin’s CEO just revealed why
Source: Fortune --- The Pandemic Housing Boom unleashed an “investor mania” unlike anything seen in the U.S. housing market since the aughts housing bubble. Average Joes poured into the market in hopes of building Airbnb empires. Institutional investors,...
Real estate consumers ‘got pretty spoiled’ from relatively low mortgage rates: Broker
Source: Yahoo!News --- My Southern View Broker Alyssa Hellman joins Yahoo Finance Live to discuss emerging housing markets, homebuyer responses to rising mortgage rates, and the outlook for demand in housing. Video Transcript [AUDIO LOGO] - Rising rates have led to...
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