Mortgage defaults level off in June, FHA new defaults down 15%

New mortgage default activity remained stable in June, with new defaults among Federal Housing Administration (FHA) borrowers falling 15% from a year earlier, marking the largest annual decline in more than four years. That’s according to Intercontinental Exchange’s (ICE) latest First Look Mortgage

Mortgage Calculator: Here’s How Much You Need To Buy a $430K Home at a 6.58% Rate

Mortgage rates continued their upward trajectory this week, as the average rate on 30-year fixed home loans reached 6.58% for the week ending July 23, up 3 basis points from 6.55% the previous week, according to Freddie Mac. This marks the highest average rate since early August 2025. Compounding th

A Very Good Kitchen in Prospect Heights

Listen, it’s not as though getting an apartment in New York has ever been easy. But one could probably argue it has never been harder than it is right now. The most god-awful studios are regularly renting for thousands and thousands of dollars with lines of interested tenants out the door. He... Mor

Mortgage Rate Lock-In Persists, With Ultralow Rate Holders Showing Little Sign of Budging

The housing market's gradual thaw slowed at the start of the year, as nearly half of all outstanding mortgages remained locked in at rates of 4% or lower.  In the first quarter of 2026, the share of mortgages with ultralow COVID-19 pandemic-era rates of 3% and below registered at 19.5%, barely budgi