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WEBWe believe in the power of information and its transformative impact on the mortgage industry. Each category and every article is a testament to the intricate dynamics of the mortgage landscape. As you explore our platform, delve into a spectrum of insights that embody the essence of loan origination, default servicing, government policies, and ...
Welcome - The MortgagePoint
WEBWelcome to MortgagePoint! In our continuous effort to provide comprehensive and timely information, we've combined the strengths of DS News and MReport into one unified platform - MortgagePoint. This new platform offers a 360-degree view of the mortgage industry, including insights on loan origination, default servicing, and more.You will be redirected to MortgagePoint, where you
Effects of Lower Mortgage Rates Differ Across U.S. Markets
WEB15 hours ago · Demetria C. Lester. October 9, 2024. New Realtor.com data revealed that experts anticipate that mortgage rates will remain in the low 6% level through the end of the year, with additional decreases possibly reaching the high 5% range by the following spring, in response to the Federal Reserve’s announcement of a significant rate cut in September.
Where Are Mortgage Rates Rising? - The MortgagePoint
WEB1 day ago · Not every state experienced a rise in mortgage rates. Idaho saw a substantial decrease in mortgage rates, dropping by 1.12%, marking the largest reduction of any state in the country. On the other end of the spectrum, New Jersey had the highest average mortgage rate at 7.37%, while Hawaii recorded the lowest average mortgage rate at 4.81%.
Shift in Mortgage Rate Optimism Pushes Housing Sentiment Higher
WEB2 days ago · Consumers expressed strong levels of optimism in the survey regarding a drop in mortgage rates over the next year, which helped the Fannie Mae Home Purchase Sentiment Index (HPSI) to rise 1.8 points in September to 73.9, the highest level in over two years. A record 42% of consumers stated in September that they anticipate a decrease in mortgage rates, up from 24% in June and 39% in the month ...
Q2 Nationwide Home Mortgage Lending Rebounds
WEBAug 29, 2024 · In Q2 of 2024, lenders issued 545,928 home refinance mortgages. This was an increase from 503,364 a year earlier and 494,862 in Q1 of 2024. After refinance lending fell by more than 80% in 2021 and 2022 due to a jump in interest rates, the most recent data reflected the latest in a string of minor recoveries.
Home Sales Remain Sluggish Despite Descending Mortgage Rates
WEBSep 2, 2024 · The median monthly mortgage payment was $2,568 at a 6.46% mortgage rate, representing a -0.4% YoY change. This is the lowest level recorded since February, an estimated $258 below all-time high set during the 4 weeks ending April 28. Pending sales were 79,279, representing a -6.9% YoY change, the biggest decline since October 2023.
Breaking Down Mortgage Performance Data - The MortgagePoint
WEBJun 24, 2024 · Breaking Down Mortgage Performance Data. Kyle G. Horst. June 24, 2024. The national delinquency rate has fallen to near-record low levels, falling 6 basis points to 3.04% during the month of May, the second lowest level since the record low of 2.92% which occurred in March 2023, according to the latest iteration of a monthly report from ...
Borrowers Paying ‘Discount Points’ to Lock in Lower Mortgage Rates
WEBApril 5, 2024. The Consumer Financial Protection Bureau (CFPB) has released its latest research, revealing that as interest rates rose, more borrowers paid “discount points”—a one-time payment made to a lender at closing in exchange for a lower interest rate—upfront. Between 2021 and 2023, the percentage of homebuyers who paid discount ...
Lowering Mortgage Rates Offer Homebuyers Relief as Inflation …
WEBJun 13, 2024 · The median asking price was $417,475, representing a 6% YoY change. The median monthly mortgage payment was $2,829 at a 6.99% mortgage rate, representing an 8.6% YoY change—roughly $30 below all-time high set during the four weeks ending April 28. Pending sales were 86,604, representing a …