Household Debt - Real Estate Investor Pulse

Household Debt Reached $17.5 Trillion in Q4 2023

February 7, 2024 kingstu Comments Off

U.S. household debt increased by $212 billion (1.2%) during the fourth quarter of 2023 to reach a total of $17.5 trillion, according to the Federal Reserve Bank of New York’s Center for Microeconomic Data. Mortgage […]

Q1 Household Debt Tops the $17 Trillion Level

May 16, 2023 Mark Paul Cervantes Comments Off

Mortgage originations (including refinances), dropped in the first quarter to $324 billion, the lowest level seen since 2014. The post Q1 Household Debt Tops the $17 Trillion Level appeared first on Weekly Real Estate News.

Rocket lost money last year, so why are its shares up?

February 25, 2024 Comments Off

Rocket Companies, the parent of Rocket Mortgage, lost money in 2023, but executives have expressed confidence about a big turnaround by touting investment in artificial intelligence (AI) to accelerate the company’s profitability. Despite reporting […]

Industry experts are closely watching delinquency rates, insurance costs

February 25, 2024 Comments Off

Mortgage servicers, regulators and economists are closely watching the delinquency rates for Federal Housing Administration (FHA) loans following a spike in the fourth quarter of 2023. Industry experts say that although there’s a correlation […]

Jobs data sends mortgage rates higher

February 3, 2024 Comments Off

Today we got a jobs Friday hat trick! Better headline jobs were reported, with positive revisions and more robust wage growth, which caught bond traders off guard and sent bond yields and mortgage rates […]