Tag Archives: hit

Delinquencies hit new lows, foreclosure inventory inches up

Delinquencies dropped to a record-breaking low for the second month in a row during April; but the number of borrowers 90-days or more late, while also falling, remains above pre-pandemic levels. The share of all mortgages late but not in foreclosure was 2.8%, down from 2.84% the previous month, according to Black Knight’s latest monthly […]

House prices rise for 10th consecutive month to hit record amount: Halifax

This rise is down from 11.1% posted in March, but is still the tenth consecutive monthly rise in prices, the longest run since 2016. The report says: “The property market has continued to defy expectations in recent times, with the rate of house price growth accelerating since the end of the stamp duty holiday last […]

Adjustable-rate mortgage demand doubles as interest rates hit the highest since 2009

Mortgage rates moved even higher last week, crashing refinance demand and prompting potential homebuyers to apply for riskier loan products which offer lower rates. Total mortgage application volume fell 8.3% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Demand is now half of what it was a […]

Mortgage demand hits lowest level since 2018 as rates hit 13-year high

ShareShare Article via FacebookShare Article via .Share Article via LinkedInShare Article via E. Squawk Box CNBC’s Diana Olick joins ‘Squawk Box’ to break down the latest batch of weekly mortgage application data. 01:16 Wed, Apr 27 20228:15 AM EDT Diana Olick source

Housing Market Just Hit 2007 Levels

The housing crash is .? We just hit the 2007 housing market crash era. From this data, I will be talking about we go over all the details. This is .rmation you want to hear about the real estate crash or housing market crash for 2022. Important JOIN THE COMMUNITY ▶︎ 🏡 Real Estate Beginners […]

Mortgage applications continue to fall as interest rates hit 5%

Likewise, both refinance and purchase applications were also 8% and 3% lower than the previous week, respectively. Both percentages are significantly lower compared to the same time last year. Joel Kan, associate vice president of economic and industry forecasting at MBA, said rapid inflation and tight monetary policies had pushed mortgage rates through the roof. […]

Mortgage refinance demand plunges 60%, as rates hit their highest level since 2018

Mortgage rates took another jump higher last week, taking their toll on current borrowers who might have wanted to refinance. Demand from homebuyers, however, appears to be hanging in for now. Total mortgage application volume decreased 6.8% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. This, as […]

Home prices hit new highs as listings decline: Redfin

Homeowners are opting to stay in place amid rising interest rates and economic uncertainty, bringing housing costs to new heights, Redfin reported. The number of active home listings dropped to 469,304 in the four-week period ending March 20, a 23% year-over-year decline, according to data released by the real estate brokerage. New homes listed for […]

Property prices hit new record in March, Rightmove data shows

This 1.7% monthly increase, which compares to 2.3% in February, is the largest recorded for March since spring 2004. It also means that as of this month, house prices grew 10.4% annually, the fastest growth seen for this metric since June 2014. The index adds that all regions and counties bar London and Scotland experienced […]