interest rate

December 10, 2019

Household Debt Spikes to Record $14 trillion

U.S. household debt rose to a record $14 trillion in the third quarter, led by an increase in mortgage loans, according to the Federal Reserve Bank […]
November 21, 2019

Mortgage Demand Increased in 3Q

The Federal Reserve’s Senior Loan Officer Opinion Survey showed more demand for consumer credit and mortgages in the third quarter and a softening in demand for […]
November 12, 2019

Overall Delinquency Rate Near 20 Year Low

According to the CoreLogic Loan Performance Insights Report, 3.7% of mortgages were in some stage of delinquency (30 days or more past due, including foreclosure) in […]
September 26, 2019

Mortgage Credit Tightens Despite Strong Demand

Mortgage credit availability decreased in August according to the Mortgage Credit Availability Index (MCAI).  Mortgage credit tightened despite falling interest rates and a strong uptick in […]
September 18, 2019

“Tappable” Equity Climbs to New High of $6.3 Trillion

Tappable equity reached an all-time high of $6.3 trillion in the second quarter as home-price gains made real estate more valuable.  The amount of equity homeowners […]
August 20, 2019

U.S. Homeownership Tenure Reaches Record High

American homeowners are staying put longer than ever before, with the average tenure reaching a record high of 8.09 years in the second quarter of 2019. […]
June 14, 2019

Negative Equity Falls; Home Equity Gains Slow

A majority of U.S. homeowners saw significant home equity gains in the first quarter, as home prices continued to rise in most markets.  That means fewer […]
June 7, 2019

April New Business Volume up 11%

The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25) showed their overall new business volume for April was $8.8 billion, up 11% […]
June 4, 2019

Mortgage Application Fraud Risk Declines

The frequency of defects, fraudulence and misrepresentation in the information submitted in mortgage loan applications during April decreased by 4.2% from March, according to new data […]