Mortgage credit availability was on the rise during May, according to the Mortgage Credit Availability Index (MCAI) data published by the Mortgage Bankers Association (MBA). The MCAI rose by 2.1% to 105.1 in May; the index was benchmarked to 100 in March 2012. The...
A total of 35,498 residential properties had foreclosure filings in May, according to new data from ATTOM. That level marked a 1% decline from April, but it was also a 9% uptick from May 2024. Nationwide, one in every 4,009 housing units had a foreclosure filing last...
Mortgage rates dropped in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.85% as of June 5, down from last week when it averaged 6.89%. A year ago at this time, it averaged 6.99%. The 15-year...
The number of homes for sale has topped 1 million for the first time since Winter of 2019, according to data from Realtor.com. However, only metros in the South or West have fully returned to pre-pandemic inventory levels. All 50 of the largest metro areas posted...
New data from ATTOM showed that 1.4 million mortgages were secured by residential properties during the first quarter, a 14% drop from the previous quarter. The first quarter’s decline was attributed to a 20% drop in home purchase loans, which shrank from 738,675 in...
Fed Inflation Concerns Broaden as Barkin, Collins Back Restrictive Policy
