Analysis and Data
Mortgage rates are retreating once again, with the 30-year fixed-rate falling to 2.77% for the week ending Aug. 5, 2021.
There’s little but good data across the mortgage climate.
The Mortgage Bankers Association's annual report on multifamily lending reported $359.7 billion in multifamily lending volume, across 2,140 different lenders in the sector.
Lower profit margins resulted from industry overcapacity and increased competitive pressure, particularly in the wholesale channel.
But More Missed Payments in June Than in March
Volume Down 1.7%; Refinance Index Down 2%
The Federal Reserve Bank of New York Center for Microeconomics Data's Quarterly Report on Housing Debt and Credit, revealed that the total household debt increased by $313 billion to $14.96 trillion in Q2 2021.
Lack Of Supply, Economic Rebound Fuel Surge
Says Nearly 80% Of 1.4M Single-Family Loans Have Exited Forbearance Plans
Report Cites Pandemic, Low Mortgage Rates For Spike