Analysis and Data
Coming Up:
Tropical Storm Ida Causes $16b To $24b In Losses For The Northeast Region
Total insured flood loss for residential and commercial properties in the Northeast is estimated to be between $5 billion to $8 billion.
Mortgage Rates Continue To Hold Steady
Freddie Mac's Primary Mortgage Market Survey reported a very slight increase in the 30-year fixed-rate mortgage, moving from 2.87% to 2.88% for the week ending Aug. 9, 2021.
Optimism Weakens And Financial Stress Heightens
The latest IBD/TIPP Economic Optimism Index, a national poll that measures consumer confidence, dropped for the third consecutive month.
Lenders Anticipate Tighter Profit Margins In Q3
For the fourth consecutive quarter, mortgage lenders expect near-term profitability to decrease, according to Fannie Mae’s Mortgage Lender Sentiment Survey.
Average Down Payments More Than $46K In 50 Largest Metros
With home prices rising at record rates, so to are down payments. Especially those in the 50 largest metros in the U.S.
Is The Fed Ready To Fall Back?
The U.S. Federal Reserve and Mortgage Rates
Mortgage Banker
Value Proposition
What MLOs need to know about housing and inflation
Mortgage Banker
Renters Get Priced Out
Buying a starter home is more affordable than renting in nearly half of the biggest U.S. metros.
Mortgage Banker
Zombie Foreclosures Remain Low For Now
Zombie foreclosures dropped 7% nationwide in the third quarter of 2021, but this figure could increase as the federal moratorium comes to a close.
Hot Housing Market Boosted Homeowners’ Equity By $1T In 2Q
‘Tappable Equity’ Surged 37% In The Quarter, According to Black Knight Report