American homeowners with mortgages experienced a 1.7% year-over-year decline in home equity during the second quarter, according to new data from CoreLogic. This decrease represented a collective loss of $287.6 billion and an average loss of $8,300 per borrower. On a...
The 30-year fixed-rate mortgage averaged 7.12% as of Sept. 7, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). This is a decline from last week when it averaged 7.18%. A year ago at this time, it averaged 5.89%. “For the fourth...
The average monthly principal and interest (P&I) payment for borrowers purchasing a home using a 30-year fixed-rate loan in July was $2,306, according to new data from Black Knight Inc., now part of Intercontinental Exchange Inc. (NYSE: ICE). That sum, which...
Redwood Trust, Inc. (NYSE: RWT) has launched Aspire, an in-house home equity investment (HEI) origination platform designed to provide consumers access to their home equity without additional monthly payment obligations. The Mill Valley, California-based company plans...
Homebuyers from overseas spent $4.3 billion on nearly 10,000 residential property purchases in Texas between April 2022 to March 2023, according to new data from Texas Realtors. This activity represented 2.8% of the total number of homes sold and 3.6% of total dollar...
One in Five Sellers Cut Prices as Buyer Demand Retreats
