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...
Q4 2024
A 25 basis point cut in the federal funds rate is expected after the December Fed meeting.HELOC rates could fall slightly after the December Fed meeting but may stabilize afterward.Lenders often adjust HELOC rates ahead of expected Fed actions, impacting immediate rate changes....