interest rate

March 16, 2020

Commercial/Multifamily Delinquencies Low Despite Mounting Fears

According to the Mortgage Bankers Association, any impact from the coronavirus outbreak on commercial and multifamily loan delinquencies won’t be known for some time.  If it […]
March 6, 2020

Coronavirus, Election Uncertainty May Impact New Vehicle Sales

TrueCar, Inc.’s data and analytics subsidiary, ALG, project total new vehicle sales will reach 1,373,516 units in February 2020, up 0.2% from a year ago when […]
March 3, 2020

New Home Sales at Highest Level Since July 2007

Single-family home sales rose 7.9% to a 764,000 annualized pace in January, exceeding the median estimate in a Bloomberg survey.  The December figure was also revised […]
February 28, 2020

Mortgage Default Drop to 15-Year Low

For the first time in 15 years, fewer than 2 million mortgaged properties lie in default or foreclosure status as of the end of January, according […]
February 25, 2020

Looser Underwriting May Lead to Jumbo Loan Defaults

Higher home prices play a double-edged sword, reducing affordability and contributing to lenders’ deciding to ease underwriting. However, they can also help delinquent borrowers become current […]
February 20, 2020

Prime Consumers Shift Toward Used Vehicles

As average vehicle loan amounts and monthly payments continue to climb, consumer preferences are shifting to used vehicles as they look to maintain their financial health.  […]
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 […]