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Total Mortgages in Forbearance Decreased this June

Number Of U.S. Mortgages In Forbearance Rises Slightly

For the first time since March, the total number of mortgage loans in forbearance has decreased to 8.48% from the previous week of 8.55% (Mortgage Bankers Association). Currently, there are 4.2M homeowners with forbearance plans.

 

The National Home Price Index STILL Rising

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The FHFA’s home price index went up 6.5% YOY, and 1% MOM in July, with annual gains across the census. They also revised their June numbers from 0.9% MOM to 1%