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 […]
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09
May
May
CNBC's Diana Olick reports on a rapid recent rise in mortgage rates and the impact it could have on the housing market. source
08
May
May
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 […]
Real Estate World
Adjustable-rate mortgage demand doubles as interest rates hit the highest since 2009
01
May
May
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 […]
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Apr
Apr
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
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Apr
Apr
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 […]
20
Apr
Apr
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. […]
Real Estate World
Mortgage refinance demand plunges 60%, as rates hit their highest level since 2018
05
Apr
Apr
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 […]
25
Mar
Mar
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 […]
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Mar
Mar
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 […]
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