Fixed 30-year mortgage loans saw rates go up to 7 percent in July, which dampened overall demand but the lack of supply is still keeping home prices up in some parts of the country.
Rate lock dollar volumes were up 43 percent month over month nationwide in March, driven by seasonal tailwinds, falling interest rates and stronger purchase market performance according to a new report from real estate data company Black Knight.
Mortgage rate locks for second homes were down 52 percent from pre-pandemic levels on a seasonally adjusted basis across the country in March, according to a new report from Redfin.
While mortgage rate-lock volumes increased nationwide for the first time in nine months, volumes remained down compared to 2022.
October saw homebuyers’ ability to afford a home tumble yet again according to separate data reports yesterday.
Homeowners have seen the equity in their homes reach historic levels this year, but rising interest rates have put a serious dent in cash-out refinance volumes
By three different measures, the cost of buying a home in America is going through the roof – so high that one analysis says housing affordability is the worst it’s been since 2006.
With loan costs rising to their highest levels in more than two years, time may have run out on many homeowners thinking about refinancing. But could they turn to HELOCs to pay for things like renovations, instead?
Only 217,000 residential mortgage-holders became past-due in March, according to a new report from Black Knight, the lowest on record.
The second quarter saw the largest quarterly origination volume in the past 20 years, according to data firm Black Knight Inc. Mortgage activity has also shown signs that some of spring homebuying hampered by the pandemic has moved into the third quarter.
Much has been written about government abuse during the COVID-19 pandemic. But it seems some homeowners are scamming the system, as well.
The Mortgage Bankers Association’s latest survey showed that the total number of loans now in forbearance increased from 8.46 percent of servicers’ portfolio volume as of May 24 to 8.53 percent as of May 31. According to MBA’s estimate, almost 4.3 million homeowners are now in forbearance plans.
Foreclosure starts nationwide were at an 18-year low in August, another sign of the housing market’s recovery and a generally healthy economy.
While affordability remains better than long-term averages nationally, home prices at the lower end of the market are less affordable than the national average, particularly for those in lower income levels, according a report released today.
