Mortgage Rates Top 7 Percent, Home Sales Plunge
The average 30-year fixed mortgage shot past the 7 percent mark for the first time since April 2002, according to Freddie Mac’s most recent market […]
Loans & Mortgages
30-Year Mortgage Rates More than Double from Last Year to 6.29 Percent
The average rate on the 30-year fixed mortgage reached 6.29 percent this week, more than double the average 2.88 percent recorded last year, said Freddie […]
Mortgage Bankers Made an Average of $2,023 on Each Loan in Q2 2021 Says MBA
According to the Mortgage Bankers Association’s most recent Quarterly Mortgage Bankers Performance Report, independent mortgage banks and mortgage subsidiaries of banks reported a gain of […]
Mortgage Volatility Amid Inflation Uncertainty
There’s an ongoing debate among investors and policy makers regarding the direction of future inflation rates. This uncertainty is creating volatility in the mortgage lending […]
Will Rising Interest Rates Hurt the Housing Market?
Despite efforts by the Federal Reserve Bank to assure investors and the general public that it will work to maintain low interest rates over the […]
Commercial and Multifamily Mortgage Delinquencies Continue to Rise
Delinquency rates for mortgages backed by commercial and multifamily properties increased for the second month in a row in December 2020, according the Mortgage Bankers […]
Mortgage Rates Hit a New Record Low, Reports Freddie Mac
The rate on a 30-year fixed hit a new low this week of 2.67 percent, according to Freddie Mac. It’s the first time the average 30-year […]
The Housing Market Continues to Roar Ahead
Despite a worsening pandemic, economic disruptions and a divisive political environment, the U.S. housing market continues its unstoppable forge ahead. Demand for new homes (+41%), […]
New Home Buyers Push Demand for Mortgage Applications Up 33% from Last Year
A report by the Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for August 2020 showed that mortgage applications for new home purchases increased […]
Mortgage Credit Availability in the U.S. Decreased in August
The Mortgage Bankers Association is reporting this week that U. S. mortgage credit availability decreased in August 2020. The MCAI fell by 4.7 percent to […]