Residential mortgage demand surges 20% higher than last week Based on new data from Freddie Mac's latest Primary Mortgage Market Survey, the U.S. 30-year fixed-rate mortgage (FRM) averaged 6.63% as of March 6, 2025. Sam Khater "As the spring homebuying season gets underway, the 30-year fixed-rate mortgage saw the largest weekly decline since mid-September," said Sam Khater, Freddie Mac's Chief...
Image REIT CEO succession is seen as one of the highest priorities for the board to...
According to CoreLogic's latest Loan Performance Insights Report for December 2024, 3.1% of all U.S. mortgages were in some stage of delinquency (30 days or more past due, including those in foreclosure). This figure remains unchanged from December 2023. The report also highlights the foreclosure inventory rate, which stood at 0.2% in December 2024, reflecting a 0.1% decrease from the previous year and...
Shrink Expand Health care REITs own a variety of types of health care-related real estate and collect rent from...
According to ATTOM’s third quarter 2024 Home Equity and Underwater Report, 48.3% of mortgaged residential properties in the U.S. are considered equity rich. In the first quarter of 2024, homeowners across the U.S. saw a remarkable surge in their equity, gaining an impressive $28,000 on average. According to CoreLogic, total home equity skyrocketed to an astounding $33.8 trillion by May 2024—up from...
Retirement benefits for recipients of the U.S. Social Security program must be scaled back by 2033 if there is to be any chance of sustaining full retirement benefit payouts, but a consistent lack of attention by both chambers of Congress could necessitate a benefit cut if inaction persists over the next nine years. This is according to a new report by CNBC, citing recent research from the American...
Even as artificial intelligence (AI) becomes more prominent in the mortgage industry, most millennial and Generation Z homebuyers are hesitant to rely solely on a fully automated application process to get a loan, according to a new study. A survey from mortgage technology firm Cloudvirga, conducted in September, gathered insights from more than 1,000 millennial and Gen Z respondents, the majority of...
American Identity Group, an information security company that monitors and fixes security breaches and primarily operates in the wholesale lending space, has also become well established in the title and home warranty industries. The company now aims to embed its services in forward and reverse mortgages. Representatives journeyed to San Diego last month to meet with lending professionals at the...
Why are home prices still rising even as mortgage rates have gone higher? A number of people predicted that home prices would experience a steep drop as mortgage rates rose, but that’s not what has happened. This is not a new idea — I’ve been dealing with people predicting a housing crash since 2012. Doom porn is trendy in America and it’s usually done by people who hate the Federal Reserve....
Before you go out looking for the best place to buy condo in Florida, you might want to check out this investor’s guide to buying condos first. 7 Things...
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