August 18, 2011 (Chris Moore) The National Association of Realtors (NAR) reported existing home sales fell 3.5 percent in July, declining for the third time in four months. Homes sold at a seasonally adjusted rate of 4.67 million, lagging behind last years pace of 4.91 million homes which were the weakest sales figures in 13 [...]
August 18, 2011 (Shirley Allen) Mortgage interest rates hit record lows across the board last week as 30 year fixed rate mortgages hit their lowest level in fifty years according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS). […]
August 18, 2011 (Jeff Alan) Bay Area home sales and prices lost ground in July after posting their first solid gains of the year in June as sales declined more than twice their historical average and prices remained flat according to data collected by real estate information provider DataQuick. […]
August 18, 2011 (Chris Moore) Housing inventories continued to decline in July and what was available took even longer to sell, especially in the Southeast, where homes in many regions of the area are taking up to 50 percent longer to sell than in most other regions of the country according to the latest data [...]
August 17, 2011 (Shirley Allen) Shorter term mortgages have grown more attractive to borrowers as interest rates on fixed rate loans continue to decline fueling a 31 percent increase in 15-year fixed rate mortgage requests according to the data collected by LendingTree’s Weekly Mortgage Rate Pulse. […]
August 17, 2011 (Chris Moore) Mortgage interest rates continued their march downward fueling refinance applications for the second consecutive week according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending August 12, 2011. The Market Composite Index, a measure of mortgage loan application volume increased 4.1 percent as refinance applications [...]
August 17, 2011 (Shirley Allen) After a dismal spring of declining home sales, things started looking up for California in June when home sales jumped up 9.7 percent, but it all ended in one giant thud in July as sales of new and existing homes plummeted 11.0 percent according real estate information provider DataQuick. [...]
August 17, 2011 (Jeff Alan) The Department of Housing and Urban Development (HUD) has announced an “unprecedented” pilot program that provides housing assistance to families affected by the catastrophic tornadoes in Joplin, MO, and central Alabama. […]
August 17, 2011 (Shirley Allen) Mortgage delinquency rates increased by 2.4 percent for the second consecutive month in July while foreclosure inventories declined according to the latest “First Look” Mortgage Report released by Lender Processing Services (LPS), which is derived from its loan-level database of nearly 40 million loans. […]
