Austin Real Estate News
Austin
U.S. Delinquency Rates for Commercial Properties Increased 6 Percent in Q4 of 2023
Based on the Mortgage Bankers Association's latest commercial real estate finance (CREF) Loan Performance Survey, U.S. delinquency rates for mortgages backed by commercial properties increased during the fourth quarter of 2023.
U.S. Construction Materials Input Prices Fall Sharply in December
According to the Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics' Producer Price Index data, U.S. construction input prices decreased 0.6% in December 2023 compared to the previous month. Nonresidential construction input prices decreased 0.4% for the month.
U.S. Mortgage Applications Jump 10 Percent in the First Week of 2024
According to the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending January 5, 2024, U.S. mortgage applications increased 9.9 percent from one week earlier. The results include an adjustment to account for the New Year's holiday.
U.S. Mortgage Rates End 2023 on the Decline
Based on Freddie Mac's latest Primary Mortgage Market Survey, the 30-year fixed-rate mortgage (FRM) averaged 6.61 percent as of December 28, 2023.
