Tag: Mortgageupdate

Posted on 11/25/2019
Mortgage Minute
Mortgage delinquencies are at a 25-year low, according to the Mortgage Bankers Association (MBA). The Association attributes a strong labor market to borrowers being able to pay their bills on time and reported that mortgage delinquencies dropped to 3.97 percent last quarter. This is the lowest level of home loan delinquencies since the first quarter of 1995. MBA’s Vice...
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Posted on 10/28/2019
Mortgage Minute
According to Freddie Mac's Primary Mortgage Market Survey, rates jumped from a previous low trend, but the general market sentiment is still favorable and optimistic.In the weekly Freddie Mac Primary Mortgage Market Survey, Freddie Mac's Chief Economist Sam Khater said, “...The housing market remains on the upswing with improvement in construction and home sales. While there has been a...
Mortgageupdate
Refinance
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Posted on 10/24/2019
Mortgage Minute
Mortgage rates increased for the third straight week — but still remain very low compared to a year ago. The 30-year fixed-rate mortgage averaged 3.75% during the week ending Oct. 24, up six basis points from the previous week, The 15-year fixed-rate mortgage increased three basis points to an average of 3.18%. The 5/1 adjustable-rate mortgage averaged 3.4%, up...
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