February 2, 2012 (Shirley Allen) Interest rates for both the 30-year and 15-year fixed mortgages and the 5-year ARM hit new all-time lows this week as strong year-end housing data was muted by weaker than expected overall economic news according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS) for the week ending February 2nd. [...]
February 2, 2012 (Shirley Allen) Private residential construction spending improved again in December, increasing 0.8 percent to a seasonally adjusted annual rate of $241.2 billion, up from a revised estimate of $239.4 billion in November according to the U.S. Census Bureau. It was the fourth consecutive month of improvement for residential builders. […]
February 1, 2012 (Chris Moore) Mortgage application volume dipped slightly on a seasonally adjusted basis last week, but unadjusted, volume was nine percent higher than the previous week according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending January 27, 2012. […]
February 1, 2012 (Jeff Alan) Fannie Mae completed 18,355 loan modifications under the federal government’s Home Affordable Modification Program (HAMP) in December, a gain of 14.2 percent over November according to its Monthly Summary for December 2011. […]
January 31, 2012 (Chris Moore) Positive news about employment gains pushed consumer confidence up for the fifth consecutive month in January according to the latest Surveys of Consumers by Reuters/University of Michigan. […]
January 31, 2012 (Shirley Allen) The number of seriously delinquent loans insured by the Federal Housing Administration (FHA) continued to climb in December, increasing 3.2 percent from November and is 18.9 percent higher than a year ago according to the agency’s Single-Family Outlook report for December. […]
January 30, 2012 (Shirley Allen) Monthly sales of existing single-family homes in New York made a comeback in December with homes sales increasing by over 10 percent for the month, but it still wasn’t enough to push 2011’s sales above the previous year’s according to the latest housing data from the New York State Association [...]
January 30, 2012 (Chris Moore) Weekly existing home sales volume nosedived last week, falling for the third consecutive week, while home prices also saw their first substantial decline in six weeks according to the National Home Sales Snapshot released by DataQuick. […]
January 26, 2012 (Shirley Allen) Foreclosure activity in California fell nearly 14 percent in the fourth quarter of 2011 compared to the previous quarter and was at the second lowest level in more than four years according to real estate information provider DataQuick. […]
