According to Freddie Mac's latest Primary Mortgage Market Survey, the 30-year fixed-rate mortgage (FRM) averaged 6.13 percent as of January 26, 2023.
National property broker Redfin is reporting that a record one-quarter (24.6%) of Redfin.com users looked to move to a different metro area in the fourth quarter of 2022. That's up from 22.1% a year earlier and around 18% before the pandemic.
According to the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending January 6, 2023, U.S. mortgage applications increased 1.2 percent from one week earlier.
39.5 percent of mortgaged residential properties in the United States were considered equity-rich in the third quarter, meaning that the combined estimated amount of loan balances secured by those properties was no more than 50 percent of their estimated market value.
Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported a net gain of $5,535 on each loan they originated in the third quarter of 2020.