Scotsman Guide News
We bring you daily news updates on our website.
Stay on top of mortgage news and trends
Subscribe to our weekly e-newsletter, Top News,
Victor Whitman is chief reporter at Scotsman Guide Media.
Reach him at (425) 984-6017 or firstname.lastname@example.org.
As home prices have risen, so too have loan balances.
Residents of Hawaii had the highest average mortgage-loan balance ($418,334) covered by private mortgage
insurance in 2017, followed by the District of Columbia
($401,411) and California ($360,445), U. S. Mortgage
Insurers reported. The U. S. average in 2017 was
$235, 661, the trade group said.
“Lenders remained bearish this [past
second] quarter as they continue to
face headwinds from rising mortgage
rates, … which have drastically
reduced refinance activity.”
Chief economist, Fannie Mae
President, JWB Real Estate
“It is getting a lot harder to find houses,
and there is a lot more competition
Chicago posts lowest
Among major U.S. cities, home prices rose at
the slowest rate in Chicago over the 12 months
through March 2018, according to the S&P
CoreLogic Case-Shiller Home Price Indices.
Prices also have moderated in Washington, D.C.
In all cities, however, prices are rising at a faster
pace than inflation, indicating that the home-price acceleration is widespread.
Source: U.S. Mortgage Insurers
Source: S&P CoreLogic Case-Shiller Home Price Indices
States With the Highest Average Loan Balances
Covered by Private Mortgage Insurance
Appreciation Rates as of March 2018
( Ten thousands)
New York 5.2% Cleveland 4.6%