Mortgage rates took a downturn in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.69% as of Dec. 5, down from last week when it averaged 6.81%. A year ago at this time, it averaged 7.03%. The...
California, Florida, Illinois and New Jersey were home to the greatest number of at-risk markets in the country, according to the third quarter Special Housing Risk Report from ATTOM. The new report found two-thirds of the 50 counties considered most exposed to...
Home price growth during October recorded a scant 0.02% increase from September and a 3.4% year-over-year uptick, according to new data from CoreLogic. Among the major metro markets, Chicago posted the highest year-over-year home price increase in October at 6.4%,...
Mortgage application activity recorded an uptick for the week ending Nov. 29, according to data from the Mortgage Bankers Association (MBA); the data included include an adjustment for the Thanksgiving holiday. The Market Composite Index, the MBA’s measure of mortgage...
The coming year will see home sale prices will grow by 3.7% while mortgage rates will stay above 6% and rents will remain virtually unchanged, according to a new forecast from Realtor.com. Realtor.com’s forecast is also pointing to an 11.7% increase in existing home...
UWM Gives Underwriters Bigger Role in New Underwriting+ Program
