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CoreLogic’s National Foreclosure Report: March 20172.6 percent of all mortgages were in serious delinquency (90+ days past due and in foreclosure) in December 2016. This represents about 1 million homes. The peak serious delinquency involved 3.7 million homes in 2010.
Mortgage Bankers Association’s February 2017 mortgage applications for new home purchases:Mortgage applications for new home purchases increased 2.2 percent compared to February 2016. Compared to January 2017, applications increased by 16 percent relative to the previous month.
First American Real Estate Sentiment Index for Q1 2017:Confidence for transaction volume growth over the next 12 months increased 0.4 percent from Q4 2016 and increased 0.63 percent compared with a year ago. Confidence for growth in purchase transaction volume over the next 12 months increased 6.5 percent from last quarter and 3.7 percent compared with a year ago. Prices across all property types are expected to grow by 2.5 percent over the next 12 months, which is up from last quarter’s expectation of a 1.7 percent increase.
Freddie Mac’s Primary Mortgage Market Survey:The 30-year fixed-rate mortgage (FRM) averaged 4.21 percent with an average 0.5 point for the week ending March 9, 2017. This is up from last week when it averaged 4.10 percent. A year ago at this time, the 30-year FRM averaged 3.68 percent.
Mortgage Bankers Association’s Mortgage Credit Availability Index (MCAI) for February 2017:The MCAI increased 0.4 percent to 177.8 in February. Of the four component indices, the Government MCAI saw the greatest increase in availability over the month (up 2.3 percent), followed by the Conforming MCAI (up 0.1 percent). The Conventional MCAI decreased 2.2 percent while the Jumbo MCAI decreased 4.4 percent.
CoreLogic’s Homeowner Equity Report for Q4 2016:62,000 homes regained equity in Q4 2016. 15 percent of properties with a mortgage are considered “under-equitied” — with less than 20 percent equity. 6.2 percent of mortgaged homes have negative equity.
Attom Data Solutions Year-End 2016 Home Flipping Report:193,009 single family homes and condos were flipped in 2016, up 3.1 percent from 2015. This is the highest level since 2006, when 276,067 single family homes and condos were flipped. Home flips in 2016 accounted for 5.7 percent of all single family home and condos sales during the year, up from 5.5 percent in 2015.
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