New Home Sales Down Sharply in July
New single-family home sales took a dive from June to July but still remained above last year’s pace according to the latest housing data released by the Census Bureau. […]
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Mortgage News
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Mortgage News
Existing Home Sales Off Slightly
Sales of existing homes were only slightly off from last week’s levels according to the National Home Sales Snapshot released by DataQuick while home values suffered a modest decline. […]
Fixed Mortgage Rates Jump to Highest Level this Year
Rates on fixed mortgages jumped this week, reaching the highest levels so far this year according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS) for the week ending August 22nd, 2013. […]
Mortgage Applications Decline as Interest Rates Jump
Last week’s mortgage application activity fell by a similar amount as the previous week as a jump in mortgage rates lead to a hefty decline in refinance applications according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending August 16th, 2013. […]
Mortgage Rates on FHFA Contracts Increase in June
The average interest rates for conventional 30-year fixed rate mortgages increased from 3.58 percent in May to 3.76 percent in June according to the Federal Housing Finance Agency’s (FHFA) Monthly Interest Rate Survey. […]
Loan Modifications Tumble in June
Proprietary loan modifications tumbled in June according to HOPE NOW, the voluntary, private sector alliance of mortgage servicers, investors, mortgage insurers and non-profit counselors with completed loan modifications falling by nearly twenty-four percent. […]
Existing Home Sales Move Higher
After spending the previous four weeks at relatively steady levels, existing home sales moved higher last week according to the National Home Sales Snapshot released by DataQuick along with another increase in home values. […]
Fixed Mortgage Rates Holding Steady
Mortgage interest rates continued to show little movement this week with fixed mortgage rates holding steady from the previous week while adjustable mortgage rates increased slightly according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS) for the week ending August 15th, 2013. […]
Mortgage Applications Resume Decline
Applications for home mortgages resumed their decline after last week’s modest increase despite a decline in mortgage interest rates according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending August 9th, 2013. […]
