Analysis and Data

One of the obvious reasons why homeowners consider a refinance is to secure a lower interest rate and lower their monthly payment. However, that's not the only reason folks are looking to refinance their mortgage.

The Mortgage Bankers Association's latest Weekly Mortgage Application Survey reported a slight increase in mortgage applications for the week ending Oct. 8, 2021.

In the first half of 2021, the national average closing costs for single-family homes were $6,837 including taxes, and $3,836 excluding taxes.

4.2% of all mortgages were in some stage of delinquency in July.

Flagstar Bank's John Gibson provides insight on his company's opportunities in a shifting mortgage landscape.

The record growth in home prices over the past year driven by short supply has made homeownership less affordable for many Americans.

U.S. added 194,000 jobs, well below the expected 500,000; unemployment rate falls to 4.8%

The latest data from Black Knight Inc.'s McDash Flash Dataset reported that forbearances showed the largest weekly decline in the past 12 months.

According to a new report, as of Sept. 2021 it is more difficult to afford a home in San Diego for a family making a median household income, than it was in Los Angeles.