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Mortgage rates settle above 6%, lowest in over three years

Uncategorized / Ricky Vasquez

Mortgage rates ended the week just above 6%, the lowest point since September 2022, although one other indicator had the 30-year fixed under that level for a couple of days. Processing Content The 30-year fixed rate mortgage fell 8 basis points this week to 6.01% as of Feb. 19, the Freddie Mac Primary Mortgage Market […]

Mortgage rates settle above 6%, lowest in over three years Read More »

Pending home sales fell to record low in January

Uncategorized / Ricky Vasquez

Pending sales of existing homes in the US fell in January to a record low as buyers remained unmotivated by lower mortgage rates and slower price increases.  Processing Content An index of contract signings fell 0.8% last month to the lowest level in data from 2001, following a revised 7.4% decline in December, according to

Pending home sales fell to record low in January Read More »

Delinquencies rise, vacancies stay flat

Uncategorized / Ricky Vasquez

Although delinquency rates have been steadily rising over the past few years, vacancy and foreclosure rates are seeing little movement, according to a new industry report. Processing Content Nearly 1.4 million homes, or 1.33%, residential properties in the United States were vacant at the beginning of the year, virtually the same as the 1.32% rate

Delinquencies rise, vacancies stay flat Read More »

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