Mortgage applications for new home purchases fell 2.4% year-over-year and 10% from March 2026, with new single-family home sales estimated at a seasonally adjusted annual rate of 655,000 units, down 8.6% from March. Conventional loans made up 49.5% of applications, FHA 35.7%, VA 13.7%, and USDA 1.1%. The average loan size decreased to $378,384. High unsold inventory and economic uncertainty contributed...
Delinquency rates for mortgage loans increased in Q4 2024, reaching 3.98% for one- to four-unit residential properties, up 6 basis points from Q3 and 10 basis points from the previous year. Conventional loan delinquencies slightly decreased to 2.62%, while FHA and VA loans saw significant increases, with FHA delinquencies rising to 11.03% and VA to 4.7%. The gap between FHA and conventional delinquency...
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