December 31, 2024
Elevated mortgage rates, which have been the biggest housing story of 2024, will continue to remain near 7% into the New Year with no relief in sight. Freddie Mac’s last Primary Mortgage Survey of 2024 saw the 30-year fixed-rate mortgage… Continue Reading…
In 2024, a lot of the words used to describe the housing market were similar to the ones you’d use for a broken-down car: stuck, stalled, jammed. One reason for the sluggish market is high prices. The latest S&P CoreLogic… Continue Reading…
The Mortgage Bankers Association (MBA) reported that multifamily mortgage debt outstanding rose by $29.83 billion in Q3 from the revised level of the quarter before. Total multifamily debt reached a level of $2.123 trillion. Compared to the year-earlier level, debt… Continue Reading…
Mortgage rates were mostly up compared to a week ago, according to Bankrate data. Rates for 30-year fixed, 15-year fixed and jumbo mortgages ticked up, while 5/1 ARM rates decreased. Rates accurate as of December 31, 2024. These rates are… Continue Reading…
These days, every mortgage lender with a national profile has an online presence. Most, if not all, allow you to start a home loan application online too. However, only a few have grown their mortgage lending business organically by leveraging… Continue Reading…
CANTON — The town of Canton received some good news and bad news about finances during the Dec. 11 board meeting. According to Town Supervisor Mary Ann Ashley, mortgage tax collections far exceeded initial budget estimates. She told town board… Continue Reading…
NY Eve ’24: Demographics of Wealth; Thought Leadership on Pipeline Pricing; a Primer on Lock Extensions Besides being enthralled with Tiger King and My Octopus Teacher four years ago, what do AL, CA, CO, CT, FL, GA, MD,… Continue Reading…
Homeowners in the U.S. with dwelling coverage of $450,000 see average rates of $3,118 per year, while those with $750,000 in coverage can expect to pay more than $4,500. (Credit: Andrii Yalanskyi/Adobe Stock) A combination of rising home values and… Continue Reading…
GS Mortgage Securities is selling about $308 million in mortgage-backed securities (MBS) to investors through its latest deal of the year, the 2024-PJ11 series. Morningstar | DBRS, which rates the notes, says 256 loans provide collateral for repayment. They are… Continue Reading…
After reaching their most expensive level in nearly five months last week, 30-year refinancing rates lowered for a third day on Monday, bringing the average to 7.08%. Back in September, rates on 30-year refinance loans sank to a two-year low… Continue Reading…