Newsfeeds - Spark Newswire

5 minute read

Housing Beat: Mortgage Rates Break 4% Barrier; New Peak For Median Home Sales Price; Vacation Homes Lose Appeal

Today, 7:36 AM

Mortgage rates cracked the 4% threshold for the first time since May 2019, while a new survey recorded another record high for median sales prices on U.S. residential properties.

FMCC

4 minute read

Housing Beat: Why Are Foreclosure Filings Up 129% From Last Year?

By Phil Hall

Today, 7:36 AM

The latest data from the housing market shows a new spike in foreclosure filings, a new wave of lender uneasiness, a new record in luxury homes and a new uptick in mortgage rates.

FMCC

3 minute read

The Housing Beat: Mortgage Rates Down, Home Prices Up, Lending Declines, More Homeowners Stay Put

By Phil Hall

Today, 7:36 AM

The latest housing market data took on the look of an oscilloscope as with mortgage rates tumbled, home prices soared, mortgage lending declined and home occupancy spans stretched longer than before.

FMCC

3 minute read

Housing Market Seesaw: Mortgage Rates Soar While Housing Starts Drop

By Phil Hall

Today, 7:36 AM

Mortgage rates have spiked as a result of rising inflation and stronger than expected consumer spending, according to new data released by Freddie Mac (OTCQB: FMCC). While mortgage rates were on the rise, housing starts were in decline, based on the latest federal data.

3 minute read

Foreclosure Levels And Mortgage Rates At Pandemic-Era Peaks

By Phil Hall

Today, 7:36 AM

The U.S. housing market experienced the beginnings of a mortgage servicing sinkhole last month with 23,204 residential properties with foreclosure filings, a 29% increase from the previous month and a 139% surge from one year ago, according to data released by ATTOM, the parent company of RealtyTrac.

FMCC

2 minute read

Home Values Increase Faster In Family-Friendly Neighborhoods: Report

By Phil Hall

Today, 7:36 AM

Home values are accelerating at a greater speed in communities with the highest percentage of children younger than 18, according to a new data report from Zillow Group Inc (NASDAQ: Z) (NASDAQ: ZG).

FMCC

2 minute read

US Housing Market Now Valued At $6.9 Trillion: Report

By Phil Hall

Today, 7:36 AM

The U.S. housing gained a record-breaking $6.9 trillion in value during 2021, according to new data report from Zillow Group Inc. (NASDAQ: Z) (NASDAQ: ZG).

FMCC

2 minute read

Existing Home Sales At 16-Year Peak: What You Need To Know

By Phil Hall

Today, 7:36 AM

Existing home sales totaled 6.12 million during 2021, up 8.5% from the previous year and the highest annual level since 2006, according to data from the National Association of Realtors (NAR).

FMCC

2 minute read

Fannie Mae And Freddie Mac Raise Limits For Government-Backed Mortgages

By Phil Hall

Today, 7:36 AM

Fannie Mae (OTC: FNMA) and Freddie Mac (OTC: FMCC) has responded to the rising median home price levels by increasing the conforming loan limits for mortgages that they acquire for secondary market sale.

FMCC

9 minute read

Wall Street Crime And Punishment: Angelo Mozilo, The Tanned Face Of The Housing Market’s Collapse

By Phil Hall

Today, 7:36 AM

Does crime pay? Wall Street Crime and Punishment is a weekly series by Benzinga's Phil Hall chronicling the bankers, brokers and financial ne’er-do-wells whose ambition and greed take them in the wrong direction.

BAC