Mortgage interest rates hit 3 percent for the first time in nearly six months and harsh weather across much of the country put a damper on mortgage application activity, the Mortgage Bankers Association reported this morning in its Weekly Applications Survey for the week ending Feb. 19.
A flurry of economic reports shows U.S. home price appreciation, triggered by low housing inventories, keep pushing toward—and beyond—double-digit percentage annual growth.
Black Knight: Delinquency Rate Below 6% for First Time in Nearly a Year, Yet 2.1M Homeowners Remain Seriously Delinquent
Black Knight, Jacksonville, Fla., said the national mortgage delinquency rate fell below 6% for the first time since nearly a year, but cautioned some 2.1 million homeowners remain seriously delinquent on their mortgage payments.
The office market has seen less deterioration during the pandemic recession than it did during the Great Recession, but it’s not out of the woods yet, reported Moody's Analytics REIS, New York.