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Nearly 100,000 U.S. Properties Faced Foreclosure Filings in Q1 2024

Nearly 100,000 U.S. Properties Faced Foreclosure Filings in Q1 2024

07 May 2024

The U.S. housing market continues to present a complex picture, with recent data from ATTOM, a leading real estate data provider, revealing a slight uptick in foreclosure activity in the first quarter of 2024. While the numbers suggest a market in transition, there are nuances that paint a more detailed picture. ATTOM’s report indicates a […]

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Rising Treasury Yields Cause the Giliberto-Levy Commercial Mortgage Performance Index to Slump in Q1-2024

Rising Treasury Yields Cause the Giliberto-Levy Commercial Mortgage Performance Index to Slump in Q1-2024

07 May 2024

RICHMOND, VIRGINIA, USA, May 7, 2024 /EINPresswire.com/ — The Giliberto-Levy Commercial Mortgage Performance Index (G-L 1) generated 0.29% total return for 1Q 2024. Quarterly Performance Coupon income from G-L 1 loans produced 1.12% for the quarter, while the index’s capital value declined 0.83%. (The sum of income and capital value equals total return.)   To […]

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Today’s mortgage rates for May 7, 2024: Rates remaining steady

Today’s mortgage rates for May 7, 2024: Rates remaining steady

07 May 2024

Today’s 30-year fixed mortgage rate is 7.55% which is slightly higher than last week’s 7.54%, according to data from Curinos. This is an increase from last month’s 7.39%. Last year around the same time, 30-year fixed rates were 7.02%, which makes today’s rate much higher than it was a year ago. At the current 30-year fixed rate, […]

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Mortgage Rate Predictions for Next 5 Years: What Will Rates Be Like?

Mortgage Rate Predictions for Next 5 Years: What Will Rates Be Like?

06 May 2024

The landscape of US mortgage rates is a dynamic and ever-evolving arena, influenced by a myriad of economic factors and policy decisions. As we look ahead to the next five years, potential homebuyers and current homeowners are keenly interested in how these rates might fluctuate, impacting affordability and the housing market at large. Recent analyses and expert forecasts suggest a period of […]

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NY Fed survey finds Americans bracing for higher housing costs

NY Fed survey finds Americans bracing for higher housing costs

06 May 2024

Americans are once again bracing for another round of higher housing costs, the New York Federal Reserve said on Monday. As part of its latest Survey of Consumer Expectations, the regional Fed bank found that respondents see higher near-term increases for both rent and home prices, although they do see some relief over the longer […]

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US Renters Seeing Chance of Owning a Home at Record Low, NY Fed Survey Shows

US Renters Seeing Chance of Owning a Home at Record Low, NY Fed Survey Shows

06 May 2024

Bloomberg) — US renters are more pessimistic about their ability to ever own a home and households’ expectations of home-price growth has reaccelerated after falling last year, a new Federal Reserve Bank of New York survey showed. Amid elevated prices, high mortgage rates and difficulty saving money for a down payment, only about four in […]

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Doctors plead with Congress to help improve U.S. maternal mortality rates

Doctors plead with Congress to help improve U.S. maternal mortality rates

02 May 2024

WASHINGTON — Doctors on Thursday urged Congress to pass legislation addressing the disproportionately high rates of maternal mortality throughout the country and to lower barriers that have hindered people of color from becoming medical professionals. During a hearing in the U.S. Senate’s Health, Education, Labor and Pensions Committee, a panel of five medical professionals detailed […]

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Average long-term US mortgage rate rises for again, reaching highest level more than five months

Average long-term US mortgage rate rises for again, reaching highest level more than five months

02 May 2024

LOS ANGELES (AP) — The average rate on a 30-year mortgage climbed this week to its highest level in more than five months, pushing up borrowing costs for prospective homebuyers in what’s typically the housing market’s busiest stretch of the year. The rate rose to 7.22% from 7.17% last week, mortgage buyer Freddie Mac said […]

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Today’s mortgage rates for May 2, 2024: Rates remaining steady

Today’s mortgage rates for May 2, 2024: Rates remaining steady

02 May 2024

Today’s 30-year fixed mortgage rate is 7.75% which is higher than last week’s 7.65%, according to data from Curinos. This is an increase from last month’s 7.37%. Last year around the same time, 30-year fixed rates were 5.95%, which makes today’s rate much higher than it was a year ago. At the current 30-year fixed […]

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US construction spending falls in March

US construction spending falls in March

01 May 2024

WASHINGTON(Reuters) – U.S. construction spending unexpectedly fell in March likely as a resurgence in mortgage rates weighed on homebuilding, but activity remains supported by an acute housing shortage. The Commerce Department’s Census Bureau said on Wednesday that construction spending slipped 0.2% after being unchanged in February. Economists polled by Reuters had forecast construction spending gaining […]

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Fed holds interest rates steady, gives no sign it will cut soon as inflation fight stalls

Fed holds interest rates steady, gives no sign it will cut soon as inflation fight stalls

01 May 2024

WASHINGTON–The Federal Reserve held its key interest rate steady again Wednesday and gave no signal that it plans to lower it anytime soon following a resurgence of inflation early this year. In a statement after a two-day meeting, the Fed pointedly said: “In recent months, there has been a lack of further progress toward the (Fed’s) 2 […]

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Daily mortgage rates for May 1, 2024: Rates slightly increase

Daily mortgage rates for May 1, 2024: Rates slightly increase

01 May 2024

According to data from Curinos, mortgage rates for a 30-year fixed-rate loan sit at 7.77%. This means they’ve risen from 7.65% last week. Last month, rates were at 7.37%, putting today’s rates significantly higher and up from 5.95% last year. The 30-year fixed-rate average today is 1.36 percentage points below the 52-week high of 9.13% and 2.14 […]

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Union Home Mortgage Named to Newsweek’s America’s Greatest Workplaces 2024 for Diversity

Union Home Mortgage Named to Newsweek’s America’s Greatest Workplaces 2024 for Diversity

30 April 2024

STRONGSVILLE, Ohio, April 30, 2024 /PRNewswire/ — Union Home Mortgage (UHM), a high-growth independent mortgage banking company with a world-class culture, announced today it has been recognized as one of America’s Greatest Workplaces for Diversity in 2024 by Newsweek and Plant-A Insights Group. The survey garnered over 220,000 respondents and included representation from over 1.5 million companies across the […]

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Home Prices Continue Their Rise, Defying High Mortgage Rates

Home Prices Continue Their Rise, Defying High Mortgage Rates

30 April 2024

Home prices continued their upward trend in February, defying high mortgage rates and low inventory of homes for sale. The S&P CoreLogic Case-Shiller national housing index rose 6.4% from February a year ago and up from the 6% annual increase registered in January. San Diego led the way with an 11.4% annual increase, while Chicago and […]

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Mortgage rates for April 30, 2024: Rates trending about the same

Mortgage rates for April 30, 2024: Rates trending about the same

30 April 2024

Today’s 30-year fixed mortgage rate is 7.68% which is slightly higher than last week’s 7.65%, according to data from Curinos. This is an increase from last month’s 7.27%. Last year around the same time, 30-year fixed rates were 5.95%, which makes today’s rate much higher than it was a year ago. At the current 30-year fixed rate, […]

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Down Payment Resource brings its award-winning homebuyer assistance software to The Mortgage Collaborative as a preferred partner

Down Payment Resource brings its award-winning homebuyer assistance software to The Mortgage Collaborative as a preferred partner

29 April 2024

Down Payment Resource (DPR), the housing industry’s leading technology for connecting homebuyers with homebuyer assistance programs, today announced that it has joined The Mortgage Collaborative (TMC), the nation’s largest independent cooperative network serving the mortgage industry. As a member of TMC’s Preferred Partner Network, DPR will provide its software, which provides operational support for utilizing its database of more […]

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In Today’s Economy, 58 Percent of U.S. Homeowners Can’t Afford to Buy Their Current Home

In Today’s Economy, 58 Percent of U.S. Homeowners Can’t Afford to Buy Their Current Home

29 April 2024

According to a recent survey by national property broker Redfin, almost 58% of U.S. homeowners feel they probably couldn’t afford to repurchase their current homes at today’s prices and mortgage rates. This insight comes from a survey carried out in February 2024 by Qualtrics, involving approximately 3,000 U.S. residents. The survey indicates that a significant […]

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Mortgage rates for April 29, 2024: Rates trending about the same

Mortgage rates for April 29, 2024: Rates trending about the same

29 April 2024

The average mortgage rate for 30-year fixed loans rose today to 7.70% from 7.65% last week, according to data from Curinos. This is up from last month’s 7.30% and up from a year ago when it was 5.95%. At the current 30-year fixed rate, you’ll pay about $712 each month for every $100,000 you borrow […]

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US pending home sales jumped in March, beating expectations by a mile

US pending home sales jumped in March, beating expectations by a mile

25 April 2024

WashingtonCNN —  Home sales based on contract signings unexpectedly jumped in March despite elevated mortgage rates that month. And the latest data from Freddie Mac showed that mortgage rates edged higher this week, reaching a fresh five-month high. Pending home sales — a forward-looking indicator based on contract signings rather than closings — climbed 3.4% in March, […]

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U.S. Economy Grew at 1.6% Rate in First-Quarter Slowdown

U.S. Economy Grew at 1.6% Rate in First-Quarter Slowdown

25 April 2024

The U.S. economy continued to grow early this year, but at a sharply slower rate as strong consumer spending was offset by higher prices and pockets of weakness in other sectors. Gross domestic product, adjusted for inflation, increased at a 1.6 percent annual rate in the first three months of 2024, down from 3.4 percent at the […]

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Daily mortgage rates for April 25, 2024: Steady ratesDaily mortgage rates for April 25, 2024: Steady rates

Daily mortgage rates for April 25, 2024: Steady ratesDaily mortgage rates for April 25, 2024: Steady rates

25 April 2024

Today’s 30-year fixed mortgage rate is 7.65% which is slightly higher than last week’s 7.63%, according to data from Curinos. This is an increase from last month’s 7.29%. Last year around the same time, 30-year fixed rates were 5.92%, which makes today’s rate much higher than it was a year ago. At the current 30-year fixed rate, […]

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Daily mortgage rates for April 24, 2024: Steady rates

Daily mortgage rates for April 24, 2024: Steady rates

24 April 2024

According to data from Curinos, mortgage rates for a 30-year fixed-rate loan sit at 7.65%. This means they’ve risen slightly from 7.63% last week. Last month, rates were at 7.29%, putting today’s rates significantly higher and up from 5.92% last year. The 30-year fixed-rate average today is 1.48 percentage points below the 52-week high of […]

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