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Economists React to New Construction and Mortgage Rate Reports

09.18.2020

Economists this week commented on recent New Construction and Freddie Mac reports.

Why Record-Low Mortgage Rates Could Keep Falling

09.09.2020

According to a recent post published by  the experts at Bankrate, mortgage rates are set to decline even further as fall approaches. Currently, borrowers have been blessed with record low mortgage rates (in September, the typical 30-year mortgage was hovering at just 3.10%), and it looks like they may have even more cause to celebrate within the coming months.

The State of Mortgage Applications

09.03.2020

What a difference a week can make; which in this case translates into a 2% drop off on a seasonally adjusted basis in mortgage applications from a week ago, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending August 28.

The Latest on Forbearance Trends

08.26.2020

As of August 10, the total number of loans now in forbearance dipped one basis point from 7.21% of servicers' portfolio volume the week before to 7.20%, according to the Mortgage Bankers Association's (MBA) latest Forbearance and Call Volume Survey. A total of 3.6 million homeowners are in forbearance plans, it estimates.

Fannie Mae: Economy Ready for Rebound After Historic Setback

08.19.2020

According to the latest commentary from the Fannie Mae Economic and Strategic Research Group, America’s economy is surprisingly poised to bounce back in the coming quarter.

Homeowners, Renters Report Struggle to Make Payments

08.12.2020

As the number of new cases of COVID-19 continue to increase across the world, so too do the number of Americans struggling to make their mortgage and rent payments. According to a new report from ApartmentList, August found just over one-third of Americans surveyed reported lacking sufficient funds to pay their housing bills.

Numbers of Prospective Homebuyers on the Upswing

08.03.2020

The economic tumult generated by the COVID-19 pandemic isn't slowing the pursuit of homeownership according to the National Association of Homebuilders’ (NAHB) Housing Trends Report covering the second quarter of this year.

Survey: Pandemic Accelerating Prospective Buyers’ Timelines

07.22.2020

A survey from realtor.com found more than 40% accelerated their timeline due to COVID-19.

Mortgage Purchase Applications Drop

07.16.2020

Mortgage applications ballooned 5.1% from the previous week, according to data from the Mortgage Bankers Association's (MBA) for the week ending July 10, 2020. Adjustments for July 4 holiday were incorporated into last week’s results.

Purchase Applications Rise

07.08.2020

Mortgage applications rose 2.2% from the prior week, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending July 3, 2020.

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