As housing affordability continues its decline, the latest analysis from First American projects home price appreciation to fall further as the booming sellers’ market seen in early 2022 has now turned in favor of homebuyers.
Read More »The Risks and Rewards of ARMs
Adjustable-rate mortgages are regain popularity, but borrowers who don't understand the risks could end up forced into default or foreclosure.
Read More »Good News, Bad News – Replacing LIBOR
LIBOR, the index for setting loan rates for reverse and ARM mortgages, is to be replaced by 2021… so what comes next?
Read More »Warning Signs Remain Amid Mortgage Risk Performance Improvement
Indications of improvements in the mortgage risk performances space include are many, including tightened underwriting standards compared to the early 2000s and steadily declining negative equity, foreclosure starts, and distressed sales. What are the red flags the industry should be watching?
Read More »Freddie Mac: Mortgage Rates Stay Level
While it's been a tame summer for mortgage rate movements, analysts at Bankrate say it's only a matter of time before that steadiness ends, especially as economic improvements spur policymakers at the Federal Reserve to stop holding interest rates down as much.
Read More »Freddie Mac Reports Little Movement in Mortgage Rates
Adjustable rates also moved little, Freddie Mac reported. The 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.97 percent (0.5 point) for the week, up from 2.95 percent in the previous survey. The 1-year ARM averaged 2.39 percent (0.5 point), up barely from 2.38 percent before.
Read More »Light Economic Reporting Leaves Mortgage Rates Relatively Flat
A slow week for economic news led to relative flatness in mortgage rates to kick off April. Freddie Mac’s Primary Mortgage Market Survey revealed the average rate on a 30-year fixed-rate mortgage (FRM) came up to 4.41 percent (0.7 point) for the week ending April 3—a minor increase from 4.40 percent last week.
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