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Mortgage Delinquency Rate Records Q3 Uptick

Mortgage Delinquency Rate Records Q3 Uptick

by Phil Hall | Nov 10, 2023 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

The delinquency rate for mortgages on one-to-four-unit residential properties increased to a seasonally adjusted rate of 3.62% of all loans outstanding at the end of the third quarter, according to new data from the Mortgage Bankers Association (MBA). The third...
TransUnion: Q3 Mortgage Balances Up Slightly While Originations Sink

TransUnion: Q3 Mortgage Balances Up Slightly While Originations Sink

by Phil Hall | Nov 9, 2023 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Total mortgage balances were up 3.2% during the third quarter while total mortgage origination plummeted by 36.5%, according to new data from TransUnion (NYSE: TRU). After recording a slight decline in the second quarter, mortgage balances increased to $11.8 trillion...
Q3 Investor Home Purchases at 7-Year Low

Q3 Investor Home Purchases at 7-Year Low

by Phil Hall | Nov 9, 2023 | Current News & Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Investor purchases of residential properties plummeted by 29.7% year-over-year during the third quarter, according to new data from Redfin (NASDAQ:RDFN). Investors purchased 48,667 homes between July and September, or 15.9% of all homes sold during that period, the...
More Than 80% of Metro Markets Saw Q3 Home Price Gains

More Than 80% of Metro Markets Saw Q3 Home Price Gains

by Phil Hall | Nov 9, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

More than 80% of the major U.S. metro markets, or 182 out of 221, posted home price gains in the third quarter, according to data from the National Association of Realtors (NAR), which noted that 11% of the tracked metro areas registered double-digit price increases...
Mortgage Application Activity Takes an Uptick

Mortgage Application Activity Takes an Uptick

by Phil Hall | Nov 8, 2023 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity was on the rise in the latest data from the Mortgage Bankers Association (MBA), which tracked the week ending Nov. 3. The Market Composite Index, the trade group’s measure of mortgage loan application volume, was up by 2.5% on a...
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