According to the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending July 24, 2020, U.S. mortgage applications decreased 0.8 percent from one week earlier.
The total number of loans now in forbearance decreased by 6 basis points from 7.80% of servicers' portfolio volume in the prior week to 7.74% as of July 19, 2020.
According to Freddie Mac's latest Primary Mortgage Market Survey, the 30-year fixed-rate mortgage in the U.S. averaged 3.01 percent in mid-July 2020. The most recent consumer spending data has been pointing to slow growth since mid-June.
According to the National Association of Realtors, existing-home sales rebounded at a record pace in June 2020, showing strong signs of a market turnaround after three straight months of sales declines caused by the ongoing pandemic.
The total number of U.S. loans now in forbearance decreased by 38 basis points from 8.18% of servicers' portfolio volume in the prior week to 7.80% as of July 12, 2020.
The National Association of Home Builders recently released its Remodeling Market Index in the second quarter of 2020, posting a reading of 73.
According to Freddie Mac's latest Primary Mortgage Market Survey for Mid-July 2020, the 30-year fixed-rate mortgage in the U.S. averaged 2.98 percent, the lowest rate in the survey's history dating back to 1971.
Mortgage applications for new home purchases in the U.S. increased 54.1 percent compared from a year ago. Compared to May 2020, applications increased by 20 percent.
This represents a 2.5-percentage point increase in the overall delinquency rate compared to March 2020, when it was 3.6 percent.
A number of global cities are seeing sales volumes continue to recover with April looking to be the low point for residential activity.
According to Freddie Mac's latest Primary Mortgage Market Survey, the 30-year fixed-rate mortgage (FRM) averaged 3.03 percent in the U.S., the lowest rate in the survey's history dating back to 1971.
Zillow is reporting this week that a rush of high-end homes hit the U.S. market in June 2020, reversing a trend that saw them drop the farthest and fastest when the coronavirus pandemic hit earlier this year.
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.
According to Freddie Mac's latest Primary Mortgage Market Survey, the 30-year fixed-rate mortgage (FRM) averaged 3.07 percent, the lowest rate in the survey's history dating back to 1971.
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.
