Fannie Mae has revised their outlook for the U.S. economy and housing market. Their December report predicts an economic deceleration in 2024, along with a slow recovery for home sales and mortgage originations.
The Black Knight Mortgage Monitor for November 2023 shows rising mortgage rates and home prices have increased the principal and interest payment (P&I) for a median-priced home to more than $2,500 for the first time.
Black Knight released its August 2023 Mortgage Monitor Report, showing a record high home price index (HPI), with new highs in 60% of U.S. markets. Annual home price growth rose to +0.8% in June, driving up homeowner equity to within 3% of 2022 peaks.
A new report from Redfin shows more than nine in ten U.S. homeowners with mortgages locked into rates below 6% and 80% with rates under 5%. With today’s rates hovering just under 7%, most homeowners are staying put, keeping inventory near record lows.
February’s BAM Good News includes earthquake relief in Turkey and Syria, reduced mortgage premiums and students surprising their school janitor.
According to ATTOM’s Q3 2022 U.S. Home Equity & Underwater Report, homeowner equity continues to grow while the share of homes considered “seriously underwater” has decreased.
Sellers are scared off by cooling buyer demand, falling home prices, and high mortgage rates. But that may soon change. Here’s what you need to know.
Black Knight, Inc. shared data for its “first look” at July 2022 month-end mortgage performance statistics. Here are the findings on foreclosure starts and delinquencies.
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