July 22, 2011 (Shirley Allen) Home prices increased 0.4 percent from April to May but were still 6.3 percent below year ago levels according to the Federal Housing Finance Agency’s monthly House Price Index (HPI). This was the second consecutive month that the HPI has shown an increase. […]
July 22, 2011 (Jeff Alan) Consumers continued to exhibit financial fortitude in spite of high unemployment and fuel prices as default rates continued to decline across the major consumer credit categories according to the latest S&P/Experian Consumer Credit Default Indices. […]
July 21, 2011 (Chris Moore) Radar Logic’s RPX Composite Price Index (CPI) for May declined 5.9 percent compared to May of 2010, continuing a pattern of year-over-year price declines that has accelerated since June of 2010 and was the fastest rate of decline in home prices since September 2009. […]
July 21, 2011 (Shirley Allen) Uninspiring economic data and continuing low Treasury yields left mortgage rates virtually unchanged from the previous week according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS). […]
July 21, 2011 (Chris Moore) Two days ago we cheered the good news sparked by the strong showing in housing starts and yesterday it was anything from crickets to gasps when the National Association of Realtors (NAR) released its June Existing Home Sales report. […]
July 21, 2011 (Chris Moore) The Mortgage Bankers Association (MBA) released its Weekly Mortgage Applications Survey for the week ending July 15, 2011. The Market Composite Index, a measure of mortgage loan application volume increased 15.5 percent in response to a 23 percent surge in refinance activity following four straight weeks of declines. […]
July 20, 2011 (Shirley Allen) According to the data collected on July 19, 2011, for LendingTree’s Weekly Mortgage Rate Pulse, average home loan rates offered by network lenders was 4.77 percent (4.94% APR) for 30-year fixed mortgages, which is same rate as reported the previous week, 4.00 percent (4.25% APR) for 15-year fixed mortgages, which [...]
July 20, 2011 (Shirley Allen) Mortgage delinquency rates jumped up 2.4 percent from May to June and foreclosure inventories inched up slightly according to the latest “First Look” Mortgage Report released by Lender Processing Service (LPS), which is derived from its loan-level database of nearly 40 million loans. […]
July 20, 2011 (Jeff Alan) American’s confidence in seeing the value of their homes going up in the next year fell to the lowest level ever as just 11 percent now believe that their homes will increase in value over the next 12 months according to the latest Rasmussen Reports poll. […]
