Mortgages

Published by Realtor Magazine on October 20, 2020 Home prices were 12.2% higher for the week ending Oct. 10 than they were a year ago, Realtor.com® data shows. Double-digit price increases for homes are not exactly what most people in real estate predicted to occur in a recession. But could low mortgage rates—the 30-year fixed-rate …

Are Low Mortgage Rates to Blame for High Home Prices? Read More »

Published by Housing Wire on July 15, 2020 Overall delinquent mortgages at four-year high In April 2020, 6.1% of mortgages were delinquent by at least 30 days or more, marking the nation’s highest overall delinquency rate since January 2016, according to a report by CoreLogic. Delinquent mortgages included the 0.3% foreclosure inventory – the lowest foreclosure …

Early-stage mortgage delinquencies rate hit highest level in 21 years Read More »

Published by Forbes on October 8, 2020 It seems there’s a communication issue with some of America’s struggling homeowners. According to a new report, around 400,000 U.S. homeowners have become “needlessly delinquent” on their mortgage loans, despite qualifying for a payment-free forbearance plan. Under the CARES Act, homeowners with a federally-backed mortgage can hit pause on …

Forbes: Despite Option To Pause Payments, 400,000 Homeowners Fall Behind Read More »