Mortgage Insights

Get the latest mortgage news and other insights into the home loan industry from the at Bank of Internet USA.

 

Yesterday’s Mortgage Rate Headlines Might Be Misleading

Oct 13, 2017 - The business of collecting US mortgage rate statistics can be a deceptive one. Certain sources rely on poll statistics that might have a sizeable lag or a restricted collection period, while others rely on non-representative quotes that do not reflect what is actually available to the average...

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Increasing Home Production Could Relieve Pressure on Home Prices

Oct 12, 2017 - Housing starts in the US have not kept pace with the increasing demand for new homes in recent years. This has played a major role in bringing about the current inventory shortages in the residential property market. There is light at the end of the tunnel, however. According to a new report...

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CoreLogic Sees Disturbing Trends Even as Delinquency Rates Improve

Oct 11, 2017 - In the latest CoreLogic Loan Performance Report, the company says that national mortgage delinquency rates remain at their lowest levels in ten years, while transition rates and early delinquency rates were also stable. The company does, however, warn about what it says are worrying trends in...

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Home Prices 73% Higher Since 2012

Oct 10, 2017 - Home affordability in most counties of the US improved during the July-September quarter over the previous quarter, but it failed to live up to the levels seen during the same quarter last year. This is according to a new report released by ATTOM Data Solutions. Home affordability increased in...

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Refinance Applications Drop Amidst Increasing Mortgage Rates

Oct 6, 2017 - According to Freddie Mac’s Primary Mortgage Market Survey for the week that ended yesterday, mortgage rates increased enough to reach their highest levels since the second part of August. This came after rates remained unchanged the previous week. The average mortgage rate on a conventional...

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