October 21, 2011 (Shirley Allen) After a promising second quarter in which foreclosure activity in California reached a four year low, default notices in the third quarter of 2011 bounced back to the previous levels seen at the beginning of the year and at the end last year according to real estate information provider DataQuick. [...]
October 20, 2011 (Chris Moore) Existing home sales declined in September after a robust August but remained above year ago levels while the high level of distressed property sales continued to put downward pressure on home prices according to the National Association of Realtors (NAR). […]
October 20, 2011 (Shirley Allen) A mixed bag of economic news kept average mortgage rates virtually unchanged from the previous week according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS). […]
October 20, 2011 (Jeff Alan) Monthly default rates on first mortgages rose for the first time since November 2010 as default rates in three of the four loan types and in four of the five regions increased in September according to the latest S&P/Experian Consumer Credit Default Indices. […]
October 19, 2011 (Chris Moore) Economic activity continued to expand at a “modest” or “slight” pace with a weaker or less certain outlook as consumers spent more in September but an uncertain future was keeping businesses from hiring and spending according to the latest edition of the Beige Book released by the Federal Reserve. [...]
October 20, 2011 (Shirley Allen) The Department of Housing and Urban Development (HUD) has announced they will speed additional disaster relief assistance to the state of New Jersey, providing support to homeowners and low-income renters who have been forced from their homes due to the recent severe weather and flooding caused by Tropical Storm Lee. [...]
October 20, 2011 (Shirley Allen) Interest rates on long term fixed rate mortgages continued to rise in the last week, though at a slower pace, while interest rates on shorter term adjustable rate mortgages declined according to the data collected by LendingTree’s Weekly Mortgage Rate Pulse. […]
October 19, 2011 (Chris Moore) A fifty percent increase in apartment construction pushed total housing starts up by 15 percent from August to September while construction of single-family homes remained in the doldrums according to the latest data released by the Census Bureau. […]
October 19, 2011 (Chris Moore) Mortgage applications for home purchases dropped to their lowest level in 15 years while rising interest rates dramatically slowed refinance applications according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending October 14, 2011. […]
