Delinquency Rates Drop Hundreds of Basis Points Year-Over-Year
The national delinquency rate has seen a massive improvement over the last year. The Mortgage Bankers Association (MBA) reports that, at the end of the third quarter of 2021, the rate was 4.88 percent of all outstanding loans. This is 59 basis points (bps) lower than the rate in the second quarter and a decline […]
Year-End Outlook: Labor Could Spark ‘Transformational’ Changes
Editor’s Note: RISMedia’s Year-End Outlook series provides an in-depth analysis of the housing market’s leading indicators for economic health, and showcases expert insights on what’s to come in 2022. Dolly Parton might still be plugging away at a nine to five, and BTO might still catch the 8:15 train into the city, but for most […]
MBS RECAP: Mixed Signals As Holiday-Shortened Week Begins
Posted To: MBS Commentary Mixed Signals As Holiday-Shortened Week Begins Bonds lost some ground today. 10yr yields were up roughly 4bps and MBS fared a bit better, losing only about an eighth of a point. That sounds like bad news at first glance, but there are a few silver linings. First off, rate sheets were […]
Instant Reaction: Mortgage Rates, November 4, 2021
The 30-year fixed mortgage rate fell to 3.09% this week from 3.14%, good news for homebuyers and homeowners who want to refinance. www.nar.realtor – Research
Instant Reaction: Jobs, November 5, 2021
The job market continues to make progress in October with 531,000 net new jobs. Since coming out of lockdown 18 million jobs have been created, but total jobs are still 4 million below the level seen before the arrival of COVID-19. www.nar.realtor – Research
Spotlight on Fair Housing at NAR’s Annual Conference
The National Association of REALTORS®’ fair housing team will present two sessions at the 2021 REALTORS® Conference & Expo that offer attendees the opportunity to explore the history of racial discrimination in real estate and to examine and overcome their own hidden biases. www.nar.realtor – Fair Housing
Fur-ever Homes: Pets Are a Motivator to Purchase
Analysis showed 43% of pet owners in the U.S. would be willing to move to accommodate their pet. www.nar.realtor – Research
Fannie/Freddie Report Lower Quarterly Revenues, Profits
Fannie Mae and Freddie Mac (the GSEs) reported their respective third quarter 2021 financial results on Friday. Both posted significant increases in net income from the same period in 2020 but results for each were lower than reported in Quarter Two. Fannie Mae says it had $ 4.8 billion net income for the third quarter of […]
Fannie Mae: Mortgage Serious Delinquency Rate Decreased in September
Fannie Mae reported that the Single-Family Serious Delinquency decreased to 1.62% in September, from 1.79% in August. The serious delinquency rate is down from 3.20% in September 2020. These are mortgage loans that are “three monthly payments or more past due or in foreclosure”. The Fannie Mae serious delinquency rate peaked in February 2010 at […]
Pending Home Sales Dip 2.3% in September
Pending Home Sales Dip 2.3% in September Pending home sales dipped in September, retreating from a previous month of growth. Media Contact: Quintin Simmons 202-383-1178