June 17, 2011 (Chris Moore) With mortgage rates near record lows and sinking home prices in the first quarter of this year combining to make home buying the most affordable in years, why aren’t home sales more vigorous? According to Freddie Mac’s June 2011 Economic Outlook report, the reasons are many, but a brighter future [...]
June 17, 2011 (Jeff Alan) Wells Fargo is holding another Home Preservation Workshop in Irvine, California, on June 22 and 23, 2011. The event is being held at the Hyatt Regency Irvine and will be open from 9:00 a.m. until 7:00 p.m. each day. The last day to register for this event is Monday, June [...]
June 16, 2011 (Chris Moore) New residential construction received a boost in May as building permits, housing starts, and housing completions all experienced gains according to the latest data released by the Census Bureau. […]
June 16, 2011 (Shirley Allen) Mortgage interest rates remained virtually unchanged from last week as both fixed rate and adjustable rate mortgages were mixed according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS). […]
June 16, 2011 (Jeff Alan) Confidence among the nation’s new single-family home builders declined three points in June to a reading of 13 according to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). The HMI had been holding steady, albeit at a low level, but this months rating was the lowest since [...]
June 16, 2011 (Shirley Allen) According to the data collected on June 14, 2011, for LendingTree’s Weekly Mortgage Rate Pulse, average home loan rates offered by network lenders was 4.67 percent (4.81% APR) for 30-year fixed mortgages, which is down from 4.71 percent reported the previous week, 3.88 percent (4.12% APR) for 15-year fixed mortgages, [...]
June 15, 2011(Chris Moore) The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending June 10, 2011. The Market Composite Index, a measure of mortgage loan application volume, increased 13.0 percent from the previous week as the year’s lowest interest rates pushed purchase applications and refinance applications higher. Read [...]
June 15, 2011 (Brian Moore) A recent survey on behalf of the National Association of Home Builders (NAHB) shows that American voters are in no mood to have their long standing housing tax breaks messed with as 71 percent of the voters surveyed opposed eliminating the mortgage interest deduction and 63 percent opposed any efforts [...]
June 15, 2011 (Shirley Allen) Fannie Mae is serious about reducing its Real Estate Owned (REO) properties and has announced an expansion of its current incentives to help reduce its inventory. Qualified buyers and selling agents will be able to continue to receive closing cost assistance and bonuses for sales made through the HomePath REO [...]
