The WPJ

Atlanta

America's Average Monthly Mortgage Payment Rose $50 in Last 6 Weeks

National property broker Redfin is reporting that the average U.S. homebuyer's monthly mortgage payment rose $50 over the last six weeks. At the same time, sellers' median asking price increased 12% year over year to a new record-high and mortgage rates surpassed 3%.

Commercial, Multifamily Mortgage Delinquencies Declined in September

According to the Mortgage Bankers Association's latest monthly CREF Loan Performance Survey, U.S. delinquency rates for mortgages backed by commercial and multifamily properties declined in September 2021.

1.4 Million U.S. Homeowners in Mortgage Forbearance in September

The total number of loans now in forbearance decreased by 7 basis points from 2.96% of servicers' portfolio volume in the prior week to 2.89% as of September 26, 2021. According to MBA's estimate, 1.4 million homeowners are in forbearance plans.

Home Asking Prices Up 12 Percent to All-Time High in U.S.

Pending sales were up just 4%, the smallest year-over-year increase since June 2020. Other housing market measures continued to show a typical seasonal cooling, with fewer than half of homes selling above list price and new listings of homes for sale down 20% from their 2021 peak.

Atlanta Property News



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