The WPJ

Louisville

U.S. Mortgage Rates Dip Below 7 Percent, First Time in 5 Weeks

Based on Freddie Mac's latest Primary Mortgage Market Survey for the week ending May 23, 2024, the 30-year fixed-rate mortgage averaged 6.94 percent.

U.S. Homeowner Equity Dips Again in Early 2024

Based on data from ATTOM's newly released first-quarter 2024 U.S. Home Equity & Underwater Report, 45.8 percent of mortgaged residential properties in the United States were considered equity-rich in the first quarter.

Driven by High Rates, U.S. Commercial Lending Imploded 47 Percent in 2023

In 2023, total commercial real estate mortgage borrowing and lending was estimated at $429 billion, marking a 47 percent decline from $816 billion in 2022, and a 52 percent fall from the record high of $891 billion in 2021.

U.S. Mortgage Applications Increase in Late November as Rates Moderate

According to the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending December 1, 2023, U.S. mortgage applications increased 2.8 percent from one week earlier.

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