Mortgage News Archives - Mortgage Ledger

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CoreLogic: US Overall Mortgage Delinquency Rate Remains Near Record Low in September

Mortgage Ledger Staff2023-11-30T13:25:15-05:00

The national mortgage delinquency rate was 2.8% in September, unchanged year over year but still similar to numbers recorded over the previous 18 months.
September marked the first month in more than two years that the overall U.S. mortgage

CoreLogic: US Overall Mortgage Delinquency Rate Remains Near Record Low in SeptemberMortgage Ledger Staff2023-11-30T13:25:15-05:00

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Mortgage Rates Drop for the Fifth Consecutive Week

Mortgage Ledger Staff2023-11-30T13:21:17-05:00

Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey ^® (PMMS^®), showing the 30-year fixed-rate mortgage (FRM) averaged 7.22 percent.

“Market sentiment has significantly shifted over the

Mortgage Rates Drop for the Fifth Consecutive WeekMortgage Ledger Staff2023-11-30T13:21:17-05:00

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Mortgage Applications Increase in Latest MBA Weekly Survey

Mortgage Ledger Staff2023-11-29T13:26:20-05:00

Mortgage applications increased 0.3 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending November 24, 2023. This week’s results include an adjustment for the observance of the

Mortgage Applications Increase in Latest MBA Weekly SurveyMortgage Ledger Staff2023-11-29T13:26:20-05:00

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Typical Home Buyer’s Annual Household Income Climbed to Record High of $107,000 in Wake of Rising Home Prices and Mortgage Rates

Mortgage Ledger Staff2023-11-13T10:28:55-05:00

Buyer income annual increase of 22% is largest on record (from $88,000 in 2022 report); down payments jumped to highest percentages in two decades

Key Highlights

First-time buyers made
First-time buyers made up 32% of all home

Typical Home Buyer’s Annual Household Income Climbed to Record High of $107,000 in Wake of Rising Home Prices and Mortgage RatesMortgage Ledger Staff2023-11-13T10:28:55-05:00

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Buyer Demand Hanging Tough, Despite Rates and Seasonal Cooldown

Mortgage Ledger Staff2023-11-13T12:53:07-05:00

Inventory deficit lessens while competition over attractive listings has them selling fast

A deficit of new listings shrank to 1.2% below last year as total inventory rose 2.6% month over month.
Mortgage payments have risen more

Buyer Demand Hanging Tough, Despite Rates and Seasonal CooldownMortgage Ledger Staff2023-11-13T12:53:07-05:00

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Services Activity Slows While Bank Lending Continues Tightening, At A Slower Pace

Mortgage Ledger Staff2023-11-13T10:29:13-05:00

Key Takeaways:

The ISM Services Index declined 1.8 points to 51.8 in October, its lowest level since May. Both the business activity index and the employment index fell sharply, declining 4.7 points to 54.1 and 3.2 points to 50.2, respectively. In

Services Activity Slows While Bank Lending Continues Tightening, At A Slower PaceMortgage Ledger Staff2023-11-13T10:29:13-05:00

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Mortgage Delinquencies Increase in the Third Quarter of 2023

Mortgage Ledger Staff2023-11-13T10:29:27-05:00

WASHINGTON, D.C. – The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 3.62 percent of all loans outstanding at the end of the third quarter of 2023, according to the Mortgage Bankers

Mortgage Delinquencies Increase in the Third Quarter of 2023Mortgage Ledger Staff2023-11-13T10:29:27-05:00

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National Association of Home Builders – Learn How to be an Expert Home Salesperson

Mortgage Ledger Staff2023-10-31T13:02:07-04:00

NAHB’s fall slate of engaging interactive education continues with courses in managing finances and home sales.

Every Tuesday and Thursday in November (except during the week of Thanksgiving), industry leaders will lead insightful discussions to

National Association of Home Builders – Learn How to be an Expert Home SalespersonMortgage Ledger Staff2023-10-31T13:02:07-04:00

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NY AG James Highlights Deep Racial Gaps in Homeownership Across New York

Mortgage Ledger Staff2023-10-31T12:56:13-04:00

AG Report Finds New Yorkers of Color Are Far Less Likely to Own a Home, More Likely to Be Denied Mortgages, and Face Higher Borrowing Costs
Disparities Cost Black and Latino Borrowers More Than $200 Million over

NY AG James Highlights Deep Racial Gaps in Homeownership Across New YorkMortgage Ledger Staff2023-10-31T12:56:13-04:00

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Mortgage Investors Group – Market Watch – Week of October 30th

Mortgage Ledger Staff2023-10-31T12:49:49-04:00

Market Comment

Mortgage bond prices finished the week near unchanged which left rates relatively flat. We started significantly worse but recovered the losses as stocks struggled the latter part of the week. The Treasury auctions were mixed with weak demand for

Mortgage Investors Group – Market Watch – Week of October 30thMortgage Ledger Staff2023-10-31T12:49:49-04:00

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Buyer income annual increase of 22% is largest on record (from $88,000 in 2022 report); down payments jumped to highest percentages in two decades

Key Highlights

AG Report Finds New Yorkers of Color Are Far Less Likely to Own a Home, More Likely to Be Denied Mortgages, and Face Higher Borrowing Costs Disparities Cost Black and Latino Borrowers More Than $200 Million over

Market Comment

AG Report Finds New Yorkers of Color Are Far Less Likely to Own a Home, More Likely to Be Denied Mortgages, and Face Higher Borrowing Costs
Disparities Cost Black and Latino Borrowers More Than $200 Million over