Single-family housing starts in March were at a rate of 1.03 million, a 9.7% spike from the revised February figure of 941,000. According to data from the US Census Bureau and the Department of Housing and Urban Development, privately-owned housing starts in March...
Two new data reports showed home price acceleration weakening across the country during February. The S&P Cotality Case-Shiller US National Home Price NSA Index posted a 0.7% annual gain for February, down from a 0.8% rise in the previous month. More than half of...
The national mortgage delinquency rate declined by 37 basis points (bps) in March to 3.35%, although it was 14 bps above last year’s level, according to data from Intercontinental Exchange Inc. (NYSE: ICE). Prepayment speeds (SMM) were up by 24 bps from February to...
Completed foreclosure auctions during the first quarter were up by 33% from one year earlier and up by approximately 10% from the same period two years earlier, according to data from Auction.com. The first quarter’s activity was at a six-year high as distressed...
The 30-year fixed-rate mortgage averaged 6.23% as of April 23, down from last week when it averaged 6.30%. According to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC), the mortgage averaged 6.81% at this time one year ago. The 15-year...
Houston FHA Mortgage Delinquencies Highlight Growing Pressure on Homeowners
