Mortgage Credit Availability Increased in February to Highest Level Since March 2023
Mortgage credit availability increased 1.4% in February compared with January, rising to a score of 100.4 on the Mortgage Bankers Association’s (MBA) Mortgage Credit...
Mortgage Applications Surged 20 Percent Last Week as Rates Fell
Mortgage application volume surged 20.4% during the week ended February 28, as the average rate for a 30-year fixed-rate mortgage dropped to 6.73%, down...
ATTOM: Mortgage Origination Volume Fell 3 Percent During the Fourth Quarter
About 1.64 million residential mortgages were issued in the U.S. during the fourth quarter - a decrease of 3% compared with the third quarter...
Redfin: Average Down Payment on a Home Has Increased 7.5 Percent During the Past...
The typical U.S. homebuyer’s down payment was equal to 16.3% of the purchase price in December, up from 15% a year earlier, according to...
NAHB Urges Trump to Exempt Tariffs on Home Building Materials
The National Association of Home Builders is urging President Trump to exempt building materials from the proposed tariffs on Canada and Mexico because of...
FHFA: Home Price Growth Continued to Slow Nationally in November
Home price growth both nationally and regionally showed signs of slowing in November, according to the Federal Housing Finance Agency’s (FHFA) seasonally adjusted home...
Mortgage Delinquencies Basically Flat in December But Foreclosure Starts Jumped
The national mortgage delinquency rate stood at 3.72% in December, a decrease of 0.60% compared with November but up 4.02% compared with December 2023,...
MBA: Applications for New Home Purchases Jumped 8.9 Percent in December
Applications for mortgages for new home purchases increased 8.9% in December compared with November but were down 3% compared with December 2023, according to...
Baby Boomer Homeowners Passing Away Won’t Be Enough to Meet Housing Demand
There will be no excess supply of homes to the markets from older Americans moving or dying over the next decade, a research report...
Mortgage Applications Continue to Recede as Average Rate for 30-Year Hovers Around 6.5 Percent
Mortgage application volume fell for a fourth straight week, dropping 6.7% compared with the previous week, according to the Mortgage Bankers Association’s (MBA) Weekly Applications...
Housing Starts Increased in March, Driven by 31 Percent Surge in Multifamily Production
Housing starts were at a seasonally adjusted annual rate of 1.36 million in April, an increase of 5.7% compared with March but down 0.6%...
CoreLogic: Home Prices Increased 1.2 Percent in March
Home prices increased 1.2% in March compared with February and were up 5.3% compared with March 2023, according to CoreLogic’s home price index report.
“Home...
NAR: Home Prices ‘Astonishingly’ Increased 3.4 Percent in Q1 Despite Higher Mortgage Rates
Despite higher mortgage rates, more than 90% of U.S. metros posted home price gains in the first quarter, according to the National Association of...
Homebuyer Affordability Declined in March as Rates, Home Prices Increased
Homebuyer affordability worsened in March, as the average mortgage payment applied for by purchase borrowers increased to $2,201, an increase of $17 compared with...
Existing-Home Sales Fell 4.3 Percent in March, Ending Rebound
Existing-home sales plummeted 4.3% in March compared with February, falling to a seasonally adjusted annual rate of 4.19 million, and were down 3.7% compared...
CoreLogic: Rising Home Equity Has Given U.S. Homeowners a ‘Solid Financial Cushion’
The average U.S. mortgage borrower saw their home equity increase by about $24,000 year over year in the fourth quarter - a historic high...
MBA: Homebuyer Affordability Decreased in January as Home Prices Continued to Rise
Homebuyer affordability eroded in January, as home prices increased and offset the decline in mortgage rates that came during the month.
According to the Mortgage...
ATTOM: Foreclosure Filings Jumped 10 Percent in January
Foreclosure filings - including default notices, scheduled auctions or bank repossessions - surged 10% in January compared with December and were up 5% compared...
Mortgage Credit Increased in January But Lenders Continue to Pull Back
Mortgage credit availability increased in January, rising to a score of 92.7 on the Mortgage Bankers Association’s (MBA) Mortgage Credit Availability Index (MCAI).
That’s an...
CoreLogic: Hot Job Market Helping to Keep Home Prices Elevated
U.S. home prices continued to rise in December, but the rate of appreciation continued to slow.
Prices increased just 0.1%, on average, compared with November,...