Latest Updates Around The World
“Mortgage applications were relatively flat last week, but it was a mixed bag across loan types. The 30-year fixed rate was unchanged at 6.21%, and conventional applications fell for both purchases and refinances as borrowers held out for another rate cut or switched to other types of loans,” said Joel Kan, MBA vice president and […]
The availability of conventional loans drove most of the increase, up 2.1% over the month. Availability of government-backed loans – inclusive Federal Housing Administration (FHA), The U.S. Department of Veterans Affairs (VA) and US Department of Agriculture (USDA) programs – increased 0.1%. Within the conventional category, jumbo loan availability increased 2.9%, while conforming loan availability […]
The number of bankruptcies rose to 42,000 in September – 43.5% higher than in August and an increase of 60.5% year on year. For the full third quarter, bankruptcies totaled 103,000, up 23% year-over-year, but still 18% below Q3 2019 levels. ICE’s long-term rates, which combine delinquencies and active foreclosures, improved year over year for […]
