Recent research from CoreLogic in Q3 of 2024 underscores the prominent role of smaller investors, commonly referred to as mom-and-pop landlords, who typically own three to ten properties.
This week, the Federal Reserve reduced its key interest rate by a quarter percentage point, marking the third consecutive cut and signaling a cautious outlook for future reductions.
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.
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.
Posted on October 25, 2024
Posted on October 14, 2024
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