Mortgage

February 17, 2020

Credit Card Debt Rises to $930 Billion

Credit-card debt rose to a record in the final quarter of 2019 as Americans spent aggressively amid a strong economy and job market, and the proportion […]
February 13, 2020

Commercial and Multifamily Lending Hits New Record

Despite a drop in multifamily loan volume, industrial, health care, office and retail originations pushed overall multifamily and commercial mortgage lending to unprecedented heights, according to […]
February 5, 2020

Homeownership Reaches Highest Rate Since 2013

The U.S. homeownership rate rose to a six-year high in the fourth quarter, led by gains among young people and low-income Americans. The nationwide rate was […]
February 4, 2020

Affordability Improves; Foreclosure Rate Hits 14-Year Low

With steady home price appreciation and falling interest rates, by some measures the shares of distressed mortgages existing in the market shrunk to record lows, according […]
January 15, 2020

Mortgage Debt Hits a Record $15.8 Trillion

Outstanding U.S. mortgage debt rose to $15.8 trillion in the third quarter of 2019, according to the Federal Reserve.  Combined home, farm, multifamily and commercial mortgage […]
January 10, 2020

Mortgage Rates Show Stability in 2020

If the first weekly Freddie Mac report of the year is any indication, there could be far less volatility for fixed mortgage rates in 2020 than […]
January 9, 2020

Foreclosure Starts Plummet to Lowest Level This Century

November’s foreclosure starts hit their lowest level since Black Knight started tracking this data in 2000, while the foreclosure rate reached a 14-year low. However, the […]
January 8, 2020

Recession Risk Tops CEO List of 2020 Fears

Fear of an economic decline topped the list of U.S. chief executives’ concerns going into 2020, according to a survey from the Conference Board.  The year […]
December 26, 2019

Credit Scores are Highest in 8 Years

Americans are more in debt than they’ve ever been, but thanks to a solid economy, the vast majority of people are still able to pay their […]