The WPJ

Jersey City

U.S. Mortgage Rates Continue to Rise for Fourth Consecutive Week

Based on new data from Freddie Mac's latest Primary Mortgage Market Survey, the 30-year fixed-rate mortgage (FRM) averaged 6.94 percent.

Falling U.S. Mortgage Rates Boost New Home Sales in December

According to new data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, sales of newly built, single-family homes in December 2023 in the U.S. increased 8.0% to a 664,000 seasonally adjusted annual rate from an upwardly revised reading in November 2023.

U.S. Delinquency Rates for Commercial Properties Increased 6 Percent in Q4 of 2023

Based on the Mortgage Bankers Association's latest commercial real estate finance (CREF) Loan Performance Survey, U.S. delinquency rates for mortgages backed by commercial properties increased during the fourth quarter of 2023.

U.S. Home Sales Remain Relatively Flat in November

According to the National Association of Realtors, existing-home sales grew in November 2023, breaking a streak of five consecutive monthly declines. Among the four major U.S. regions, sales climbed in the Midwest and South but receded in the Northeast and West.

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