June 29, 2011 (Chris Moore) The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending June 24, 2011. The Market Composite Index, a measure of mortgage loan application volume, decreased 2.7 percent despite a drop in fixed rate mortgage interest rates. […]
June 28, 2011 (Shirley Allen) The call for changes to the proposed 20 percent down payment rule being proposed under the Qualified Residential Mortgage (QRM) provision by federal regulators continues to grow louder as both housing industry advocates and members of Congress express their belief that the rule violates congressional intent when the Dodd-Frank Finance [...]
June 28, 2011 (Chris Moore) Spring sales boosted monthly home prices for the first time in eight months according to the latest S&P/Case-Shiller Home Price Indices. Both the 10-City and 20-City Composites showed unadjusted gains of 0.8 percent and 0.7 percent, respectively, from March to April, though prices continue to be below the levels recorded [...]
June 28, 2011 (Jeff Alan) Altos Research has released the first edition of its 20-City Mid-Cities Report which finds that housing trends in mid-sized markets behaves differently than housing trends in major metropolitan areas. […]
June 28, 2011 (Chris Moore) A new study by the National Association of Home Builders (NAHB) finds that the drop in some mortgage loan limits scheduled to take effect on October 1, 2011, will reduce housing demand and place downward pressure on housing prices. […]
June 24, 2011 (Shirley Allen) Home prices increased 2.0 percent from March to April 2011 according to Radar Logic’s April 2011 RPX Monthly Housing Market Report, but were still down 5.1 percent compared to April 2010. […]
June 24, 2011 (Jeff Alan) Strategic defaults still remain high according to a recently released report from credit bureau giant Experian. According to the most recent data available through the second quarter of 2010, seventeen percent of all mortgages that were 60 days or more past due resulted in strategic defaults. […]
June 23, 2011 (Chris Moore) Sales of new single-family homes declined 2.1 percent in May at a seasonally adjusted rate of 319,000 following two months of modest gains according to the latest data from the U.S. Census Bureau. […]
June 23, 2011 (Shirley Allen) Mortgage interest rates again remained virtually unchanged from last week with the 30 year fixed rate at 4.50 percent and the 15 year fixed rate nudging up to 3.69 percent according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS). […]
