U.S. Mortgage Applications Spike 11 Percent in Early March

According to the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending March 7, 2025, U.S. mortgage applications saw an 11.2% increase compared to the previous week. The Market Composite Index, which measures mortgage loan application volume, rose 11.2% on a seasonally adjusted basis and 12% on an unadjusted basis from the prior week. The Refinance Index climbed 16%...

Greater Palm Beach Area Residential Sales Rise in Early 2025

West Palm Beach Leads the Nation in All Cash Residential Purchases According to the Miami Association of Realtors, total home and condo sales in Palm Beach County saw a year-over-year increase in January 2025. Residential sales rose by 3.3%, climbing from 1,444 to 1,491 transactions. Single-family home sales experienced a 4.81% increase, rising from 811 to 850, while condo transactions saw a modest 1.3%...

New Apartments in U.S. Are Leasing at Slowest Pace on Record

New data from Redfin reveals that less than half (47%) of newly built apartments completed in Q3 2024 were rented within three months. This matches Q4 2023 for the lowest absorption rate on record, aside from the early pandemic period. Redfin's analysis is based on the U.S. Census Bureau's seasonally adjusted absorption rate data for unfurnished, unsubsidized, privately financed rental apartments in...

U.S. Mortgage Rates Drop to 4 Month Low in March

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...

Overall U.S. Mortgage Delinquency Rates Dip in December

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...

Why are home prices rising with higher mortgage rates?

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....

Identity theft protection company seeks inroads to reverse mortgage industry

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...

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