As home prices soar in 2021, many comparisons are being made between the current housing environment and the one in 2006. However, despite recent double-digit home price appreciation, the mortgage payment to purchase a home is substantially more affordable than it was 15 years ago.
Introduction The CoreLogic Loan Performance Insights report features an interactive view of our mortgage performance analysis through April 2021. Measuring early-stage delinquency rates is important
While the mortgage rate dropped to a record low in 2020, the jumbo-conforming mortgage rate spread widened. In other words, jumbo loans were relatively more expensive than conforming loans.
With mortgage rates declining to ever new lows during 2020, the mortgage market had the largest number of originations in 17 years. The volume was driven by no-cash-out refinance: more than one-half of the originations, and 4-in-5 refinance loans, were no-cash-out during 2020.
With consumer sentiment on the rise again and economic indicators suggesting accelerated demand ahead, S&P CoreLogic Case-Shiller Index pushed another double-digit increase — up 13.2%
Lack of availability of homes for sale has been the Achilles’ heel of many housing markets across the country even prior to 2020, and the