Tag: national mortgage
Conventional Interest Rates More Stable Than Its Home Prices
According to the Federal Housing Finance Agency (FHFA), mortgage interest rates during the month of October showed a 5 basis point increase for existing homes. Mortgage Interest rates newly built homes with a Conventional purchase loan on the other hand remains unaffected. The average effective rate for new home loans actually has been stable since […]
National Mortgage Debt Overview
According to TransUnion’s Industry Insight report in the third quarter of 2014, the nation’s mortgage delinquency rate has decreased to 3.36%. This percentage represents borrowers with 60 days or more past due, another drop for the 11th consecutive month. A 17% drop from a year ago provides a promising recovery in 2015. This chart from […]
