Inman

Daily market update: May 2, 2017

By May 2, 2017 No Comments
REPOSTED DIRECTLY FROM INMAN NEWS. THIS CONTENT HAS NOT BEEN MODERATED BY WFG NATIONAL TITLE.

We’ll add more market news briefs throughout the day. Check back to read the latest.

Most recent market news

Monday, May 1

Morningstar Credit Ratings’ April Single-Family Rental (SFR) Performance Summary Report

  • The vacancy rate across single-borrower, single-family rental securitizations rated by Morningstar dropped to its lowest level in a year, as high retention rates for full-term leases kept performance in the sector within our expectations.
  • The vacancy rate dropped for the fourth-consecutive month, to 4.1 percent in March, while the average retention rate rose for the third-straight month and now stands at 79.5 percent for the most recent data available.
  • The AH4R 2014-SFR1 transaction paid-off in April, and its removal from this report brings the performance summary to an analysis of 26 single-borrower deals and just over 101,000 properties.

Home equity rates:

Mortgage rates:

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