Trends

The 30-year fixed mortgage rate increased for the seventh-consecutive week, according to new data from Freddie Mac
The 30-year fixed mortgage rate increased for the seventh consecutive week, according to new data from Freddie Mac.   The 30-year fixed-rate mortgage (FRM) averaged 4.40 percent for the week ending Feb. 22, up from last week when it averaged 4.38 percent. A year ago at this time, the 30-year FRM... Keep Reading....
The New York State housing market started 2018 with 8,698 closed sales
The New York State housing market started 2018 with 8,698 closed sales, according to new data from the New York State Association of Realtors (NYSAR). However, the total sales were 2.7 percent below the record-setting January 2017 total of 8,940.   The January statewide median sales price was $266,... more
Existing-home sales in January was the largest year-over-year drop in over three years
Existing-home sales in January was the largest year-over-year drop in over three years, according to new data from the National Association of Realtors (NAR).   Total existing-home sales were down 3.2 percent in January to a seasonally adjusted annual rate of 5.38 million from a downwardly revised... more
Black Knight Inc. has announced the addition of loan-level performance data for loans on single-family properties in Puerto Rico into its McDash mortgage and home equity database.
Black Knight Inc. has announced the addition of loan-level performance data for loans on single-family properties in Puerto Rico into its McDash mortgage and home equity database.   According to the company, more than 200,000 homes were damaged by Hurricane Maria and an estimated 84,000 mortgages... more
The first mortgage default rate increased four basis points from December to January
The first mortgage default rate increased four basis points from December to January, starting the year at 0.72 percent, according to the latest data from the S&P/Experian Consumer Credit Default Indices. On a year-over-year-basis, the default rate was unchanged.   The composite rate for... more