Analysis and Data
Completed foreclosures see first year-over-year decrease.
Lender says majority in survey cited high interest rates; offers new product to cover costs of refinancing.
MBA survey finds overall volume increased 7.4% from a week earlier.
Home Purchase Sentiment Index rose in January for 3rd straight month, but remains below pre-pandemic level.
A summary and review of key economic data that affects the mortgage and real estate business.
Housing prices, mortgage rates continue to decline but affordability still an issue.
Volume increased across the board, lead by rate/term refis rising 124%.
Combined with upward revisions for November & December, market proves even stronger than many thought.
A homebuyer on a $2,500 monthly budget can once again afford a $400,000 home.
Freddie Mac reports 30-year, fixed-rate mortgage falls to 6.09%.