Mortgage Insights

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


Significant Drop in Serious Delinquencies During Second Quarter

Sep 29, 2016 - The delinquency rate on mortgage loans held by Freddie Mac and Fannie Mae was around 1.36% at the end of Q2. This figure, which refers to loans that are between 30 and 60 days overdue, is significantly higher than the 1.21% recorded at the end of Q1, says the FHFA.   Serious delinquencies,...

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Mortgage Rates Return to Lows of Early September

Sep 27, 2016 - US mortgage rates moved lower once again on Monday for the fourth day in a row. It was also the eighth day without any significant increase. This means that the average mortgage provider is now back at levels last experienced during the first week of this month, and you would have to go back to...

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Mortgage Rates Lower than Last Week, Says Freddie Mac

Sep 23, 2016 - According to Freddie Mac, US mortgage rates moved lower this week, but the drop was not significant.   The firm said yesterday that the average rate for a 30-year fixed-rate mortgage fell from 3.50% last week to 3.48% this week. This is much lower than the 3.86% noted during the same time...

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Mortgage Rates Remain Mostly Unchanged After Fed Announcement

Sep 22, 2016 - Although many lenders were offering slightly lower mortgage rates on Wednesday, a large number of them kept their rates unchanged from the previous day. Nevertheless, things might have been a lot worse. There were two crucial announcements from central banks yesterday: Japan and the US Federal...

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Housing Starts Drop Significantly in August

Sep 21, 2016 - According to the latest data published by the US Department of Housing and Urban Development (HUD) and the US Census Bureau, housing starts dropped by 5.8% on a monthly basis to a seasonally adjusted figure of 1.142 million.   Despite this relatively large monthly drop, the figure for last...

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