Home prices to decline another 5-7% this year, but remain above pre-pandemic levels due to demand: Fitch

By: ameer@trustedteam.com

Canadian home prices could fall another 5% to 7% in 2023, according to the latest forecast from Fitch Ratings. The agency says homebuying demand is likely to remain under...

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The mortgage rate you get depends partly on your credit score. Here’s what to expect

By: ameer@trustedteam.com

The average interest rate on typical 30-year mortgages has stayed between 6% and 7% for the last several months, roughly double what it was at the end of 2021...

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Delinquencies eased in January, foreclosure activity trended higher

By: ameer@trustedteam.com

Mortgage delinquencies eased in January after an uptick to end 2022, but foreclosure numbers trended higher, according to Black Knight.The national delinquency rate inched down 10 basis points from...

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VA reverts some funding fees to pre-2020 levels

By: ameer@trustedteam.com

The Department of Veterans Affairs will reduce funding fee amounts for some of the loans it guarantees, reverting them to pre-2020 levels. The move will make getting a VA...

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