Trends

The level of mortgage homeowners with tappable equity has reached a record peak, but tax code changes could have an impact on this market, according to a data analysis from Black Knight Inc.
Mortgage default rates ended 2017 on the upswing, according to data released by the S&P/Experian Consumer Credit Default Indices.   The first mortgage default rate rose from 0.66 percent in November to 0.68 percent in December; in December 2016, the rate was 0.71 percent. The second mortgage... Keep Reading....
When it comes to neighborhoods that can boast of affordable homes, highly rated schools, access to public transit and a generous housing inventory, it seems that there are only 25 areas out of the 80 major U.S. markets that make the grade, according to a new analysis by Redfin. However, more than... more
The problems that impacted home production in 2017—specifically, the shortage of affordable, buildable lots and the scarcity of labor affected home production
The problems that impacted home production in 2017—specifically, the shortage of affordable, buildable lots and the scarcity of labor affected home production—will continue into 2018, according to a survey from the National Association of Home Builders (NAHB).   In a poll conducted during this week... more
Average mortgage rates are on the rise again, according to Freddie Mac’s latest Primary Mortgage Market Survey (PMMS)
Average mortgage rates are on the rise again, according to Freddie Mac’s latest Primary Mortgage Market Survey (PMMS).   The 30-year fixed-rate mortgage (FRM) averaged 3.99 percent for the week ending Jan. 11, up from last week when it averaged 3.95 percent. The 15-year FRM this week averaged 3.44... more
The level of mortgage applications took a vibrant upswing while homeowners and appraisers found more agreement in property valuations
The level of mortgage applications took a vibrant upswing while homeowners and appraisers found more agreement in property valuations.   In the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending Jan. 5, the Market Composite Index increased by a respectable 8.3... more