Home Equity Falters as Housing Market Remains Stalled
ATTOM, Irvine, Calif., released its first-quarter U.S. Home Equity & Underwater Report, showing 47.2 percent of mortgaged residential properties in the United States were considered equity-rich in the first quarter, down slightly from 48 percent in the fourth quarter.
Black Knight: Lock Volumes Fall Despite Lower Rates
Black Knight, Jacksonville, Fla., said rate lock volumes fell by 22 percent month over month in April despite marginally lower mortgage interest rates.
Fannie Mae: Housing Confidence at 12-Month High
Fannie Mae, Washington, D.C., reported its Home Purchase Sentiment Index increased in April to its highest level since May 2022, jumping 5.5 points to 66.8.
MBA Chart of the Week May 5, 2023: Net Production Income by Peer Group
In this week’s MBA Chart of the Week, we look at pre-tax net production income from a different source – the MBA and STRATMOR Peer Group Roundtables Program.
