Mortgage rates continued rising for the fifth straight week to a level not seen in over a year, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.69% as of Aug. 6, up from last week when...
An estimated one in 119 mortgage applications submitted during the second quarter had indications of fraud, according to the latest Cotality National Mortgage Application Fraud Risk Index report. The index now has a reading of 132, up by 11 points or 9.1% from the...
Fewer people were taking out mortgage applications for the week ending July 31, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, decreased 2.9% on a seasonally adjusted...
Home prices rose in 80% of metro markets during the second quarter, according to data from the National Association of Realtors (NAR), with 5% of the metros recording double-digit price gains. This is up from 71% of metros in the first quarter The national median...
JPMorgan Chase (NYSE: JPM) announced plans to deploy over $750 billion through 2035 to increase the nation’s housing supply while supporting a new wave of homeownership. According to the company, this new deployment marks a nearly 40% surge in the firm’s housing...
Pending Home Sales Slide to Nearly Three-Year Low as Buyers Pull Back
