JPMorgan Chase (NYSE: JPM) announced plans to deploy over $750 billion through 2035 to increase the nation’s housing supply while supporting a new wave of homeownership. According to the company, this new deployment marks a nearly 40% surge in the firm’s housing...
The national median list price was $428,950 in July, essentially unchanged from June but down 2.4% from one year before. According to a data report from Realtor.com, July marked the ninth consecutive month of annual price declines. At the same time, the share of...
Homebuyer affordability showed a very mild improvement in June, with the national median payment applied for by purchase applicants decreasing to $2,191 from $2,198 in May. However, according to the Mortgage Bankers Association (MBA), the national median payment was...
Mortgage rates rose for the fourth straight week to reach their highest level in a year, according to the Primary Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.66% as of July 30, up from last week when it averaged...
Mortgage application activity slowed down during the week ending July 24, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, dropped by 6.4% on a seasonally adjusted basis...
Freddie Mac Names Buyers for $428 Million in Delinquent Home Loans
