Jump comes despite extensive federal program aimed at helping borrowers stay in their homes.
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The resurgent U.S. housing market has sent builders calling again for Richard Vap, who owns a drywall installation company. Vap would love to help - if he could hire enough qualified people. "There is a shortage of manpower," says Vap, owner of South Valley Drywall in Littleton, Colo. More - New home sales rise, housing recovery still on track
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BING NEWS:
- Here’s What CD Rates Looked Like the Last Time the Fed Funds Rate Was at This Level
CD rates typically follow the direction of the federal funds rate. Though unlike the last time the fed funds rate was 4.50%-4.75% in 2023, CD rates will go down, not up.
11/21/2024 - 9:52 am | View Link - US 30-year fixed-rate mortgage approaches 7%
U.S. mortgage rates increased to a four-month high this week, which together with higher home prices could sideline potential buyers from the housing market in the near term.
11/21/2024 - 4:51 am | View Link - The average rate on a 30-year mortgage rose to 6.84% this week, says Freddie Mac, its highest level since July
The average rate on a 30-year mortgage rose to 6.84% this week, says Freddie Mac, its highest level since July ...
11/21/2024 - 4:17 am | View Link - Average rate on a 30-year mortgage in the US rises to highest level since July
The average rate on a 30-year mortgage in the U.S. edged closer to 7% this week, climbing to its highest level since July ...
11/21/2024 - 4:11 am | View Link - Fed's Goolsbee says pace of rate cuts may need to slow
Chicago Federal Reserve President Austan Goolsbee on Thursday reiterated his support for further interest rate cuts and his openness to doing them more slowly, remarks that underscore the U.S. central ...
11/21/2024 - 3:44 am | View Link - More
- US Foreclosure Rate by Year, State and City (2024)
The average foreclosure rate in the US was 0.23% in 2022. The highest foreclosure rate in the last 20 years was in 2010, at 2.23%. New Jersey is the state with the highest foreclosure rate, with 1 foreclosure for every 2,271 homes. Cleveland metro area has the highest foreclosure rate of 0.40%, more than 316% above the national average.
11/20/2024 - 9:13 pm | View Website - Foreclosure Rates for All 50 States in March 2024
Read on for the foreclosure rates in March 2024 – plus the five counties, or county equivalents, with the highest rates within those states. As previously noted, foreclosure rates saw a negligible drop compared to last month and to last year.
11/20/2024 - 6:07 pm | View Website - US Foreclosure Insights: A Statistical Overview
California and Florida saw the most foreclosure filings by state, with 17,914 and 18,530, respectively. South Dakota and Vermont reported minimal foreclosures with just 44 and 71 filings, illustrating states with the most stable housing situations.
11/20/2024 - 8:06 am | View Website - Foreclosure rate by year U.S. 2005-2023
Foreclosure results when a homeowner fails to pay their mortgage payments on time, so the lender files a default notice, followed by an auction, and repossession. The foreclosure rate reached...
11/19/2024 - 6:08 pm | View Website - Foreclosure Activity In First Half Of 2023 Ticks Upwards
States with the highest foreclosure rates in the first half of 2023 were Illinois (0.25 percent of housing units with a foreclosure filing); New Jersey (0.24 percent); Maryland (0.23 percent); Delaware (0.23 percent); and Ohio (0.20 percent).
11/19/2024 - 1:51 pm | View Website - More
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