May 2, 2011 (Jeff Alan) Homeownership rates in the United States continued to decline and now stand at levels not seen since the end of 1998. The Census Bureau reports that 66.4 percent of Americans owned homes, down from 67.1 percent the year before, and down from 69.2 percent seen during the housing boom. Read [...]
April 28, 2011 (Shirley Allen) Freddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®), which shows mortgage rates falling for the second consecutive week amid the reporting of weak economic data. The 30-year fixed-rate stands at 4.78 percent; the 15-year fixed at 3.97 percent, the lowest since December 9, 2010. Read more...
April 28, 2011 (Shirley Allen) This Saturday, April 30th, real estate brokers will be holding open houses for HomeSteps homes across the Las Vegas area. HomeSteps homes are offered through Freddie Mac’s real estate unit and offers benefits such as buyers closing cost assistance of up to 3.5 percent and a two year limited warranty [...]
April 27, 2011 (Shirley Allen) According to the data collected on April 26, 2010, for LendingTree’s Weekly Mortgage Rate Pulse, average home loan rates offered by network lenders was 4.97 percent (5.19% APR) for 30-year fixed mortgages, which is down from 5.00 percent from the previous week, 4.15 percent (4.49% APR) for 15-year fixed mortgages, [...]
April 27, 2011 (Chris Moore) The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending April 22, 2011. The Market Composite Index, a measure of mortgage loan application volume, decreased 5.6 percent on a seasonally adjusted basis from last week. The MBA attributed the decrease in activity to a [...]
April 26, 2011 (Jeff Alan) Nearly half of the homes on the housing market are now distressed properties according to the latest HousingPulse Distressed Property Index (DPI) report released by Campbell/Inside Mortgage Finance as part of the HousingPulse Tracking Survey. The DPI rose to 48.6 percent in March, the second highest level seen in the [...]
April 26, 2011 (Chris Moore) Home prices in February hit their lowest mark since March of 2003 according to RadarLogic’s February 2011 RPX Monthly Housing Market Report. Tracking home prices in 25 metropolitan areas, the RPX Composite price fell to $178.12 per square foot in February, which is 36 percent lower than the all-time high [...]
April 25, 2011 (Shirley Allen) The Department of Housing and Urban Development (HUD) has teamed up with eighteen national, regional and local lenders to launch a new two year pilot program to provide low cost loans to homeowners for make energy-saving improvements to their preperties in certain parts of the country. Read more...
April 25, 2011 (Jeff Alan) Sales of new single family residential homes jumped in March according to the latest report released jointly by the Census Bureau and the Department of Housing and Urban Development (HUD). Data from the report shows that new single family homes sold at a seasonally adjusted rate of 300,000, which is [...]
