Monday, June 1st, 2020

For Week Ending May 23, 2020 Mortgage rates have now been below 3.30 percent for four consecutive weeks, according to the latest update from Freddie Mac. These near-record low rates have been a catalyst for the recovering buyer activity in … Continue reading

Posted in Weekly Report |
Tuesday, May 26th, 2020

For Week Ending May 16, 2020 More than 4.1 million homeowners are now in mortgage forbearance plans, according to the Mortgage Bankers Association’s latest survey. Homeowners affected by COVID-19 with a federally backed home loan can delay mortgage payments for … Continue reading

Posted in Weekly Report |
Monday, May 18th, 2020

For Week Ending May 9, 2020 This week ATTOM Data Solutions released their Q1 2020 U.S. Home Equity and Underwater Report, showing that just over one in four homeowners have at least 50% equity in their homes. The Mortgage Bankers … Continue reading

Posted in Weekly Report |
Monday, May 11th, 2020

For Week Ending May 2, 2020 The Mortgage Bankers Association reported a 12% increase in mortgage applications last week, reversing a trend of falling activity due to the COVID-19 pandemic. While a positive sign of buyer interest and future home … Continue reading

Posted in Weekly Report |
Monday, May 4th, 2020

For Week Ending April 25, 2020 While the initial unemployment insurance claims number was down from last week, claims remain at a high level with over 4.4 million people filing for the first time in the latest Department of Labor … Continue reading

Posted in Weekly Report |

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