By ~ Calculated risk 3/31/2025 02:36:00 PM
At the Dangerous Real Estate Newsletter calculated today: FHFA’s National Mortgage Database: Excellent mortgage interest rate, LTV and credit score
Simple excerpt:
The following are some graphs for the unprecedented mortgage according to the current loan value (LTV) of FHFA’s National Mortgage Database through the Q4 2024 (just released) of FHFA’s National Mortgage Database.
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The following are some data that shows the interest rate distribution of fixed interest rate 1-4 family mortgage that is undertaken at the end of the quarter since the first quarter of 2013.This shows a surge in loans of less than 3%and less than 4%from early 2020 as mortgage interest rates decrease rapidly during the loan period in early 2020. The percentage of unprecedented loans of less than 4% reached 65.1% (currently 54.1%) in the first quarter of 2022, and the percentage of less than 5% reached 85.6% (now 72.1%). This low existing mortgage interest rate is difficult for homeowners to sell their houses and buy new houses. This is because monthly payments increase rapidly. This was the main reason for the inventory of the existing housing.
Time is eroding this lock slowly.
There are many more things in the article.
