Cleveland Real Estate News
Cleveland
U.S. Mortgage Delinquencies Continue to Rise in September
Based on CoreLogic's latest Loan Performance Insights Report for September 2024, approximately 3 percent of all U.S. mortgages were in some stage of delinquency (30 days or more past due, including those in foreclosure), up 0.2% year over year from September 2023.
U.S. Mortgage Rates Tick Down in Early December
Based on Freddie Mac's latest Primary Mortgage Market Survey, the 30-year fixed-rate mortgage (FRM) averaged 6.69 percent as of December 5, 2024.
U.S. Mortgage Applications Increase in Late October
New data from the Mortgage Bankers Association's Weekly Mortgage Applications Survey shows that mortgage applications rose by 6.3% for the week ending November 22, 2024.
New Home Sales Hit 2 Year Low in America
The National Association of Home Builders (NAHB) reports that rising mortgage rates and persistent affordability challenges kept many potential homebuyers on the sidelines in October 2024.
