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Analysis and Data
Coming Up:
Mortgage Applications Fall For 12th Straight Week: MBA
Rapid rise in mortgage rates slows purchase originations and refinances.
Inflation Surged 8.5% YOY in March, Worst In 40 Years
Increases in energy, food, and shelter costs drove the increases.
Mortgage Delinquencies Drop Again in January To Another Historic Low
Just 3.3% of all mortgages in delinquency, lowest rate in 23 years.
Higher Home Prices Continue, Consumer Survey Determines
NY Fed finds pessimism abounds on inflation, jobs and credit availability
Loan Origination Profits Dropped Over 44% In 2021
MBA says 2021 was still ‘stellar,’ but difficult times are ahead for 2022
Overall Rate Locks Rose 19% in March
Increase likely due to homebuyers moving to lock in loans as rates rose at fastest pace in 13 years.
Austin, TX, Joins The Half A Million Club
Home price inflation reaches new heights, giving rise to median home prices of $500K
Overall Mortgage Credit Is Tightening
Some segments showed improvement in March 2022
FHFA Suspends Mortgage Foreclosures
Prohibits servicers from foreclosing on mortgages backed by Fannie Mae or Freddie Mac
Median Home Prices Spike 16% Year Over Year
Houses are less affordable in nearly 80% of all U.S. counties.