Tag Archives: Drops

Forbearance rate drops below 1%, lowest level since June 2020 The total number of loans in forbearance decreased by 11 basis points to 0.94% in April

Servicers’ forbearance portfolio volume dropped in April to a level below 1%, with fewer than half a million borrowers remaining with an active plan, according to the monthly Loan Monitoring Survey conducted by the Mortgage Bankers Association (MBA). That’s good news after the economic impacts of the Covid-19 pandemic hit borrowers hard, making it difficult for Americans to pay their mortgages. […]

Mortgage refinance demand drops 62% year-over-year as rates rise

ShareShare Article via FacebookShare Article via .Share Article via LinkedInShare Article via E. CNBC’s Diana Olick joins ‘Squawk Box’ to break down the latest mortgage rate and application data from the Mortgage Bankers Association. 01:43 Wed, Apr 13 20228:06 AM EDT source

Homebuilder sentiment drops for fourth straight month

A contractor uses a hammer while working on townhouse under construction at the PulteGroup Metro housing development in Milpitas, California. David Paul Morris | Bloomberg | Getty Images Sharply rising mortgage rates are taking their toll on the nation’s homebuilders, as already pricey new construction becomes even less affordable.  Builder confidence in the market for […]

Average 30-Year Mortgage Rate Drops to 3.57%

It’s down from last week’s 3.65% and has increased buyer demands, says Freddie Mac, with “much of this strength coming from entry-level buyers.’

Average 30-Year Mortgage Rate Drops to 3.57%   It’s down from last week’s 3.65% and has increased buyer demands, says Freddie Mac, with “much of this strength coming from entry-level buyers.’   MCLEAN, Va. – All mortgage rate averages declined this week, with the average 30-year fixed mortgage dropping 8 basis points to 3.57%. Last […]