After improving in July, the number of lenders struggling to make their monthly mortgage payments is essentially flat and now threatens to move higher. As of August 25, there were 3.9 million homeowners in mortgage ratio programs, according to Black Knight, a mortgage and analytics company. This represents 7.4% of …
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Homebuyers seem to have an insatiable appetite for new and existing homes, and are applying for mortgages at an incredible rate. Mortgage applications for buying a home last week rose just 0.4% from the previous week, but were remarkably 33% higher than a year ago, according to the Association of …
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Mortgage rates are still close to record lows, but that makes owning a home no longer cheaper for home buyers. The 30-year fixed-rate mortgage averaged 2.91% for the week ending August 27, falling eight basis points the week before, Freddie Mac FMCC, + 0.46% reported Thursday. The 15-year fixed-rate mortgage …
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