According to the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending July 3, 2020, U.S. mortgage applications increased 2.2 percent from one week earlier.
15.9% of Black Americans who apply for mortgages are rejected nationwide, compared with just 7% of white Americans.
U.S. employers added a much-larger-than-expected 4.8 million workers to payrolls last month. The U.S. unemployment rate also fell to 11.1 percent.
According to the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending June 26, U.S. mortgage applications decreased 1.8 percent from one week earlier.
The level of commercial/multifamily mortgage debt outstanding rose by $61.0 billion in the first quarter of 2020.
According to the National Association of Realtors, U.S. pending home sales mounted a record comeback in May 2020, seeing encouraging contract activity after two previous months of declines brought on by the coronavirus pandemic.
The total number of U.S. loans now in forbearance decreased by 1 basis point from 8.48% of servicers' portfolio volume in the prior week to 8.47% as of June 21, 2020.
Redfin is reporting that a record 27% of home searchers looked to move to another U.S. metro area in April and May 2020.
Freddie Mac's latest Multifamily Apartment Investment Market Index rose by 1.8% in Q1 2020 after a modest quarterly decline (1.4%) in Q4 2019.
Single-family homes rose 16.6 percent to a seasonally adjusted annual rate of 676,000 units in May 2020 from a downwardly revised reading in April.
The total number of U.S. mortgage loans now in forbearance decreased - for the first time since the survey's inception in March 2020.
According to the National Association of Realtors, existing-home in the U.S. sales fell in May 2020, marking a three-month decline in sales as a result of the coronavirus outbreak.
Commercial and multifamily mortgage delinquencies in the U.S. remained low at the end of the first quarter of 2020.
In a sign that U.S. housing stands poised to lead a post-pandemic economic recovery, builder confidence in the market for newly-built single-family homes jumped 21 points to 58 in June 2020. Any reading above 50 indicates a positive market.
Skyrocketing unemployment has prompted millions of adults to move back in with their parents.
U.S. homeowners with mortgages have seen their equity increase by 6.5% year over year, representing a gain of $590 billion since Q1 2019.