• Homebuyer demand for mortgages up for second week in a row

    2 days ago - By Inman

    Purchase loan requests rise 3 percent week over week as mortgage rates ease but remain down 39 percent from the same time a year ago.
    Read more ...


  • Black Knight: Mortgage Delinquency Rate Increased in December; Prepayments at Record Low

    2 days ago - By Calculated Risk

    From Black Knight: Black Knight's First Look: Mortgage Delinquencies Closed 2022 Down 9% for the Year, While Prepayments Hit Third Consecutive Record Low
    • The national delinquency rate inched up 7 basis points in the month to 3.08%, but finished the year 30 basis points below its December 2021 level
    • Prepayment activity fell to 0.39% - with single month mortality hitting its third consecutive record low dating back to 2000 when Black Knight began reporting the metric
    • Serious delinquencies continued to improve nationally despite an 8.7K rise in Florida in the wake of Hurricane Ian, with...
    Read more ...


  • Mortgage applications climb for a 3rd straight week as housing-market activity trends towards a rebound amid lower interest rates

    2 days ago - By Business Insider

    30-year fixed mortgage rates are at a four-month low. Lance McMillan/Toronto Star via Getty Images
    Home loan applications rose 7% last week as the 30-year fixed rate for mortgages fell further.
    The Mortgage Bankers Association said the rate on the popular mortgage product fell to 6.2%, the lowest in four months.
    Lower mortgage rates could spur more buyers into the currently "tepid" housing market.
    Demand for US home loans rose again in early 2023 as a key borrowing rate slipped to a four-month low, a nascent trend that could point to improving conditions in the hard-hit housing market...
    Read more ...