A lift in cure rates for distressed mortgages showed staying power in April with the monthly number significantly higher than earlier in the year, according to Intercontinental Exchange. Processing Content The consistent monthly rate of more than 62,000 far outpaces an average around 42,000 between November and February, ICE found in its First Look report. […]
Lift in mortgage cure rates may bode well for FHA recovery Read More »
Key insight: Another key policymaker has made the case that inflation has emerged as the central bank’s primary concern as the war in Iran continues to drive up prices. Expert quote: “After five years of above-target inflation, I am particularly attuned to the risk that elevated inflation will become embedded in price- and wage-setting behavior.
Fed’s Cook ‘prepared to raise rates’ if inflation persists Read More »
All-cash home purchases dropped to its lowest March level in six years, as mortgage rates are down, comparatively, and buyers hold negotiating power. Processing Content Just less than 29% of homebuyers in the United States paid in all cash in March, a full percentage point drop from 29.8% a year earlier and tied with 2021
All-cash home sales drop to lowest share in 6 years Read More »