Homeowners gain over $1 trillion in equity during third quarter
Reading Time: 2 minutesAmerican homeowners collectively saw their equity increase by more than $1 trillion year over year in the third quarter, according to the latest data from CoreLogic. That’s a collective annual increase of 10.8%, as well as an average gain of $17,000 per homeowner — the largest average equity gain since 2014’s first quarter. Homeowners with […]
Mortgage credit availability up again in November
Reading Time: 2 minutesAfter falling consistently throughout the summer and early fall, mortgage credit availability increased in November for the second consecutive month, according to the Mortgage Bankers Association (MBA). The MBA’s Mortgage Credit Availability Index (MCAI) rose in November to a reading of 122.2, an monthly increase of 0.7%. Increases in the MCAI signal loosening credit standards, […]
