Dallas Real Estate News
Dallas
Commercial, Multifamily Mortgage Delinquencies in U.S. Remain Low in Q2
According to the Mortgage Bankers Association's latest Commercial/Multifamily Delinquency Report, U.S. commercial and multifamily mortgage delinquencies declined in the second quarter of 2022.
One-Third of U.S. Homes Were Bought in Cash in July, Above Pre-Pandemic Levels
According to national property broker Redfin, nearly one-third (31.4%) of U.S. home purchases were paid for with all cash in July 2022. That's near the eight-year high reached in February and up from 27.5% a year earlier. The share of all-cash purchases jumped in early 2021 during the pandemic-driven homebuying frenzy and has remained elevated since then.
U.S. Mortgage Rates Exceed Six Percent in Mid-September, First Time Since 2008
According to Freddie Mac, U.S. mortgage rates continued to rise alongside hotter-than-expected inflation numbers this week, exceeding six percent for the first time since late 2008. Although the increase in rates will continue to dampen demand and put downward pressure on home prices, inventory remains inadequate.
Mortgage Fraud Risk in U.S. Drops by 7.5 Percent Annually in Q2
According to CoreLogic's latest Mortgage Fraud Report, there was a 7.5% year-over-year decrease in fraud risk at the end of the second quarter of 2022, as measured by the CoreLogic Mortgage Application Fraud Risk Index.
