The MBA reports mortgage delinquencies tracked closely with the nationwide unemployment rate in Q3, with an uptick in delinquencies across all loan types–with FHA’s portfolio experiencing the largest year-over-year increase.
Read More »Despite Low Q2 Mortgage Delinquencies, Signs of ‘Consumer Credit Stress’ Remain
Marina Walsh, CMB, MBA’s VP of Industry Analysis, reported that “FHA delinquencies rose 10 basis points compared to year ago levels. … As the economy slows and labor market cools, homeowners with FHA loans are likely to feel the distress first.”
Read More »Examining 2023 Housing and Economic Predictions
In a new study from LendingTree, experts predict the average interest rates on 30-year fixed mortgages to be between 5.5% and 6.5% by the end of 2023.
Read More »Unemployment Claims Rise to 3.2M
While data showed there was a slight decline for the week of July 4, analysis of the report by Fannie Mae says the market is still seeing a “significant degree of disruption” from COVID-19.
Read More »Freddie Mac: How Will the Housing Market Perform?
The latest economic and housing market forecast by Freddie Mac predicts that while economic growth will likely moderate, there might be hope for home sales. Here’s why.
Read More »Consumer Labor Market Expectations Mixed
The August 2016 Survey of Consumer Expectations shows labor market expectations were mixed, according to a recent report from the Federal Reserve Bank of New York.
Read More »Is the Labor Market Impeding Housing Growth?
Concerns about job security and income growth may have been the catalyst for why home buying decreased for the previous month, according to Fannie Mae.
Read More »Consumer Confidence Reverses Negative Course
Whereas pessimism among consumers reigned in February’s report, March’s data showed signs that attitudes toward the economy are slowly improving.
Read More »Will September’s Weak Jobs Report Slow Down Housing Growth?
While the national unemployment rate held steady at 5.1 percent from August (the U6 rate, the broadest measure of unemployment, fell 3 basis points to 10 percent), September saw a gain of just 142,000 jobs, bringing the average monthly total for the first nine months of 2015 down to 198,000, according to the September 2015 Employment Summary released by the Bureau of Labor Statistics (BLS) on Friday. By comparison, average monthly job gains for the first nine months of 2014 totaled 260,000.
Read More »Analysts Still Divided on the Possibility of a Rate Hike Following August Jobs Report
Job gains fell below expectations for the month of August, totaling less than 200,000, but wage growth finally began to show some upward pressure—but analysts are still divided on whether it will be enough to convince the Federal Reserve to raise interest rates in their September meeting.
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