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Recent Articles

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Moody's: Mortgage defaults, foreclosures expected to rise and end of rate hikes unlikely until 'well after' next spring; average home size in 50 top markets for US$3,000 monthly budget down 9% year-over-year to 1,498 square feet on spiking mortgage rates
Published: October 04, 2022 by Forbes Inc.
Oxford Economics: Mortgage rate spike could translate to 18 million fewer households qualifying for mortgage on median-priced existing home than in 2021; housing crash 'improbable,' but risk of 15% dip in home prices would wipe out US$6.2T of home equity
Published: October 03, 2022 by FinancialPress
US mortgage delinquency rate at 3.0% in July, down from 4.2% in July 2021; foreclosure inventory rate edged up to 0.3% from 0.2% year-ago: CoreLogic
Published: October 03, 2022 by CoreLogic Inc.
US 30-year fixed-rate mortgage averaged 6.70% as of Sep. 29, up from 6.29% last week; 30-year FRM averaged 3.01% a year ago: Freddie Mac
Published: September 29, 2022 by Federal Home Loan Mortgage Corp. (Freddie Mac)
ING: US housing recession has arrived and could lead to 20% drop in home prices, Fed interest rate cuts by 2023; demand for mortgages has fallen 30% year-to-date and sales transactions are starting to slow, but housing downturn will also dampen inflation
Published: September 28, 2022 by Business Insider

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