Follow Insights Blog

CoreLogic

CoreLogic Econ

LATEST CORELOGIC ECON TWEETS

Blog Entries by Archana Pradhan

Comparing Performance of Adjustable-Rate Mortgages and Fixed-Rate Mortgages

Today’s ARMs Have Lowest Delinquency Rate

Archana Pradhan    |    Mortgage Performance

In a previous blog, Is the Adjustable-Rate Mortgage Making a Come Back, we learned that adjustable-rate mortgages (ARMs) originated currently have lower credit risk characteristics than ARMs of a decade earlier, and have lower...

Where are Dallas County Residents Buying Homes?

Most Buy in Dallas County, but 22 Percent Buy Elsewhere

Archana Pradhan    |    Housing Trends

Dallas Country

In the last blog on state household mobility, we found that there was more migration from high-cost states, such as California and New York, to more affordable states, such as Florida and Texas, than the other way around. As an example, for every...

Housing Credit Index: Second Quarter 2017

Loans Originated in the Second Quarter Exhibit Higher Credit Risk Than a Year Earlier

Archana Pradhan    |    Mortgage Performance

CoreLogic Housing Credit Index
  • The CoreLogic Housing Credit Index (HCI) shows higher credit risk in Q2 2017 compared with Q2 2016, but it remained within the range exhibited during the early 2000s.
  • The average credit score for all borrowers – purchase and refinance combined – increased year over year from 738 in Q2 2016 to 741 in Q2 2017.
  • The average loan-to-value ratio (LTV) and...

Is the Adjustable-Rate Mortgage Making a Come Back?

ARMs Today are Different than the Pre-Crash ARMs

Archana Pradhan    |    Housing Trends, Mortgage Performance

Comparing the ARM Share with Mortgage Rates

During the past decade, homebuyers have mostly preferred fixed-rate mortgages (FRMs) over adjustable-rate mortgages (ARMs). Proof of this is the precipitous drop in the ARM share of the dollar volume of originations from almost 45 percent during mid-2005 to a low of 2 percent in mid-2009 (Figure 1). Since then, the ARM share has fluctuated between about 5 and 13 percent, generally rising when...

Jumbo Loans Cheaper than Conforming Loans

2017 Jumbo Loans: Full Doc and Made to Prime Credits

Archana Pradhan    |    Mortgage Performance

Average Interest Rates and Loan Amount

Large-balance mortgage loans are not only for wealthy homebuyers but also for middle-income borrowers in high-cost areas. Also known as ‘jumbo’ loans, historically these loans had a higher interest rate than conforming loans. However, since mid-2013 a jumbo loan has been cheaper to borrow than a conforming mortgage loan, by an average of 21 basis points during the first quarter of...