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June 2017 Archives

U.S. Economic Outlook: June 2017

Will Higher Mortgage Rates add to Loan Default Risk? Refi Credit Scores Dip 9 points For Each Half-Percent Rise in Mortgage Rates

Frank Nothaft    |    Videos

 

Mortgage rates have risen since last summer to their highest level in two years.  Let’s explore how higher mortgage rates may affect the default risk of loans currently outstanding, as well as new originations.

Higher interest rates can lead to an increase in monthly payments on adjustable-rate mortgages, also called ARMs, and this “payment shock” can...

Loan Performance Insights Report Highlights: March 2017

Mortgage Delinquency Rate Falls to a 10-Year Low

Molly Boesel    |    Mortgage Performance

 
  • Early-stage delinquencies fell to the lowest level recorded back to January 2000
  • The current-to 30-day transition rate decreased in March 2017 from a year earlier
  • North Dakota had the lowest delinquency rate of any state

In March 2017, 4.4 percent of home mortgages were in some stage of delinquency, down from...

Downturn Refresher: What Happens When Prices Start Falling?

Cameron Kusher    |    International

 

When we think about the housing market we tend to focus on when values rise but in the recent past values have fallen in each capital city; this week we look at the magnitude and duration of these falls in the past.

Throughout the past 20 years it has been much more common for combined capital city dwelling values to have been increasing than falling.  Although...

Borrower Equity Update: First Quarter 2017

Homeowner Equity Has More Than Doubled in Five Years

Molly Boesel    |    Property Valuation

 
  • National share of homes with negative equity fell to 6.1 percent in Q1 2017.
  • All states saw a decrease in negative equity share over the past year. 
  • Nevada saw the largest improvement in the negative equity share over the past year, falling 4.6 percentage points.

The amount of equity in mortgaged real estate...

Home Price Index Highlights: April 2017

National Home Prices Near All-Time (Nominal) High

Molly Boesel    |    Property Valuation

 
  • Home prices forecast to rise 5.1 percent over the next year.
  • Prices in 28 states have risen above the pre-crisis peaks and prices in 10 states are within 5 percent of their pre-crisis peaks.
  • Adjusting for inflation, home prices are still 17.4 percent below their peak.

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