The post ‘Signs of resilience’: Mortgage demand plummets to lowest 2023 level as rates rise for second week — but experts predict cooling rental prices will eventually bring rates below 6% appeared first on Weekly Real Estate News.
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Q3 Mortgage Originations Down 3% From Previous Quarter
November 30, 2023
Mariel Alumit
Mortage News, Top News, U.S. Housing Market, Weely Real Estate News
Comments Off on Q3 Mortgage Originations Down 3% From Previous Quarter
A total of 1.54 million mortgages secured by residential property (one to four units) were issued during the third quarter, according to new data from ATTOM. This represents a 3% decline from the second quarter […]
Is inflation or recession driving mortgage rates now?
March 15, 2023
Mark Paul Cervantes
Housing Wire
Comments Off on Is inflation or recession driving mortgage rates now?
On Tuesday, we got more confirmation that the Federal Reserve‘s biggest fear — inflation blowing up to 1970s levels — isn’t happening, according to the CPI data. Even with its most significant component, shelter inflation, […]
Mortgage delinquencies may surge as budgets stretch
October 27, 2022
Mariel Alumit
Housing Wire
Comments Off on Mortgage delinquencies may surge as budgets stretch
While mortgage rates surged in the summer, the serious mortgage delinquency rates returned to pre-pandemic levels in August. Inflation, however, could be a big hit to delinquency rates, and may increase the overall delinquencies in […]