We’ll add more market news briefs throughout the day. Check back to read the latest.

Most recent market news

Tuesday, March 6

Mortgage Bankers Association’s (MBA) Commercial/Multifamily Delinquency Report

  • Delinquency rates for commercial and multifamily mortgage loans were relatively flat in the fourth quarter of 2017, according to the Mortgage Bankers Association’s (MBA) Commercial/Multifamily Delinquency Report.
  • The MBA analysis looks at commercial/multifamily delinquency rates for five of the largest investor-groups: commercial banks and thrifts, commercial mortgage-backed securities (CMBS), life insurance companies, Fannie Mae, and Freddie Mac. Together these groups hold more than 80 percent of commercial/multifamily mortgage debt outstanding.

Based on the unpaid principal balance (UPB) of loans, delinquency rates for each group at the end of the fourth quarter were as follows:

  • Banks and thrifts (90 or more days delinquent or in non-accrual): 0.51 percent, a decrease of 0.02 percentage points from the third quarter of 2017;
  • Life company portfolios (60 or more days delinquent): 0.03 percent, an increase of 0.01 percentage points from the third quarter of 2017;
  • Fannie Mae (60 or more days delinquent): 0.11 percent, an increase of 0.08 percentage points from the third quarter of 2017;
  • Freddie Mac (60 or more days delinquent): 0.02 percent, unchanged from the third quarter of 2017;
  • CMBS (30 or more days delinquent or in REO): 4.08 percent, a decrease of 0.52 percentage points from the third quarter of 2017;

“Commercial and multifamily mortgages ended 2017 continuing to perform extraordinarily well,” said Jamie Woodwell, MBA’s vice president of commercial real estate research. “The market tailwinds of strong fundamentals, increasing property values and ready access to mortgage and other credit all put downward pressure on delinquency rates.”

CoreLogic Home Price Insights — January 2018

  • Home prices nationwide, including distressed sales, increased year over year by 6.6 percent in January 2018 compared with January 2017 and increased month over month by 0.5 percent in January 2018 compared with December 2017 (revisions with public records data are standard, and to ensure accuracy, CoreLogic incorporates the newly released public data to provide updated results).
  • The CoreLogic HPI Forecast indicates that home prices will increase by 4.8 percent on a year-over-year basis from January 2018 to January 2019, and on a month-over-month basis home prices are expected to be flat from January 2018 to February 2018.
  • Nationally, the year over year home price changed by 6.6 percent. All states experienced increases this month.
  • The states with the highest increases January were: Washington (12.1 percent), Nevada (11.3 percent), Utah (10.8 percent) and Idaho (10.3 percent) all experiencing double digit increases.

Source: CoreLogic

“Entry-level homes have been in particularly short supply, leading to more rapid home-price growth compared with more expensive homes,” said CoreLogic chief economist Dr. Frank Nothaft in a statement. “Homes with a purchase price less than 75 percent of the local area median had price growth of 9.0 percent during the year ending January 2018.”

“Homes that sold for more than 125 percent of median appreciated 5.3 percent over the same 12-month period. Thus, first-time buyers are facing acute affordability challenges in some high-cost areas.”

News from earlier this week

Monday, March 5

Bankrate mortgage rates

  • The 30-year fixed mortgage rate on Bankrate.com is currently 4.30 percent — up slightly from 4.28 percent last Friday.
  • The 15-year fixed mortgage rate is currently 3.75 percent — up slightly from 3.72 percent last Friday.

Source: Bankrate

Show Comments Hide Comments
Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription
×