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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Sales of existing homes rose 24.7% in July compared to June, according to the National Association of Realtors. These numbers represent closed sales, which means contracts signed May and June. This is the strongest monthly profit in the history of the survey, back to 1968, and the highest selling point …
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Realtors leave home for sale during a realtors open house in San Francisco, California. Justin Sullivan | Getty Images A sudden reversal of record low interest rates last week led to a pullback in the demand for mortgage refinancing. That dropped the total volume of mortgage applications 3.3% from the …
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