Analysis and Data

Freddie Mac's Primary Mortgage Survey reported that the 30-year fixed-rate mortgage averaged 2.80% for the week ending July 29, 2021.

Home segment revenue of $104.9 million grew 42% from the same quarter last year, producing a segment profit of $39 million, up 1% over the same period. 

With companies seeing record-breaking activity during the COVID-19 pandemic, the real challenge rose for mortgage servicers looking to help homeowners who were facing hardships during the pandemic.

The best three cities to flip a house, based on median purchase price and average remodeling costs, are Sioux Falls, SD., Missoula, MT., and Peoria, AZ.

Mortgage applications increase 5.7% according to Mortgage Banker Association’s (MBA) Weekly Mortgage Application Survey for the week ending on July 23, 2021. 

The Consumer Finance Protection Bureau published a report which briefly shows that credit applications across a number of loan types, including mortgages, are mostly back to pre-pandemic levels.

S&P Index Reports 16.6% Annual Increase in May, Topping April's 14.8%

The total number of loans in forbearance as of July 18, 2021, decreased by 2 basis points from 3.5% of servicers' portfolio volume in the prior week to 3.48%.

First-time homebuyers Ben and Dani Graf decided to go $65,000 over budget on a house that was in serious need of renovations. 

The Texas housing market achieves a record-breaking 114,772 homes sold in the second quarter of 2021.