As Foreclosures Decline, Mortgage Delinquencies Remain Steady
Prepayment activity fell by 8.9% in November to hit its lowest level in 22 months, as rising 30-year rates put downward pressure on refinance volumes.…
Day: December 23, 2021
Americans Looking to Relocate Target the Sunshine State
Redfin agents report millennials looking to relocate tend to be young remote workers who are moving to Miami for affordability and sunshine. The post Americans Looking…
Planet Home Lending Opens Fifth Texas Office
New Farmers Branch location, to be led by Manager Leeland Bissett, expands the company’s Southwest footprint. The post Planet Home Lending Opens Fifth Texas Office…
Mortgage Delinquencies Improve While Active Foreclosures Fall
In its report on the November 2021 month-end mortgage performance statistics derived from its loan-level database representing the majority of the national mortgage market, Black…
Ambitious Buyers Continue to Capitalize on Low Rates
For the third consecutive month, single‐family houses rose, as buyers cash in on low rates before a predicted hike in the coming months. The post…
Freddie Mac Reports Mortgage Rates Drop at Yearend
Freddie Mac’s Primary Mortgage Market Survey (PMMS) results show that the 30-year fixed-rate mortgage (FRM) averaged 3.05%. “The market volatility resulting from the COVID-19 Omicron…