By CHUCK GREEN In the battle of the sexes, single fathers are more likely to be homeowners in metro areas, while single women who live by themselves are more likely to own a home in nearly every state. A recent report by Senior Economist Jacob Channel at LendingTree states that single fathers are less common…
By CHUCK GREEN While many Millennials and some Gen Zers have flown the coop, a number of them don’t have to save up their frequent flyer miles to get back home. As it turns out, a hefty portion of both groups aren’t straying far. In a survey of nearly 2,000 U.S. Millennials and Gen Zers…
Mortgage activity dipped in August as rates reached new highs and inventory remained low, according to Black Knight’s latest Mortgage Monitor report. The 30-year conforming soared above 7.25% last month, its highest level in more than 20 years, before cooling down to 7.07%. As a result, overall rate lock volumes sank for a third straight…
As mortgage rates are locking homeowners in their current houses, many are investing in renovations rather than moving. A new survey from LendingTree found that 68% of homeowners started or completed a home improvement project in the last 12 months, while 63% plan to begin one in the next year. Interior painting, landscaping, and bathroom…
Even as the housing market is rapidly cooling, homeowner equity rose again in Q3, according to ATTOM Data’s Q3 2022 Home Equity & Underwater Report. The report found that 48.5% of mortgaged residential properties were considered equity-rich, up from 48.1% in Q2 and from 39.5% a year earlier. This is a slower increase than previous…
Prepayment activity dropped to a nearly 22-year low in September as interest rates rose to nearly 7%. According to Black Knight’s September 2022 First Look. prepayment activity slid by 14.9% to a single-month mortality rate of 0.57% in September, besting January 2019’s record of 0.59%. It’s the lowest level since November 2000. Inflation is a…
Mortgage loan application volume fell 1.2% last week to a 22-year low as the 30-year fixed rate rose to its highest point in almost a month, the Mortgage Bankers Association’s weekly survey shows. The adjusted Market Composite Index, a measure of mortgage loan application volume, decreased by 1.2%. The adjusted purchase index fell 1% while…
End of content
End of content
Before You Go, Get the Latest News and UPDATES!
Stay Tuned!