April 21, 2011 (Shirley Allen) Freddie Mac today released the results of its Primary Mortgage Market Survey® (PMMS®), which shows mortgage rates across the board dropping for the first time after four consecutive weeks of increases, but notes that the housing market continues to struggle despite historically low interest rates. Read more...
April 21, 2011 (Chris Moore) The National Association of Realtors (NAR) reports existing home sales eeked out a 3.7 percent increase to a seasonally adjusted rate of 5.10 million completed transactions in March, while at the same time home prices continued their march downward which has led to the most affordable housing market since the [...]
April 21, 2011 (Shirley Allen) According to the data collected on April 20, 2010, for LendingTree’s Weekly Mortgage Rate Pulse, average home loan rates offered by network lenders was 5.00 percent (5.21% APR) for 30-year fixed mortgages, which is down from 5.11 percent from the previous week, 4.20 percent (4.54% APR) for 15-year fixed mortgages, [...]
April 20, 2011 (Jeff Alan) The U.S. Census Bureau and the Department of Housing and Urban Development (HUD) released the New Residential Construction Report for March 2011 showing gains in both housing starts and housing permits following a dismal February report. The jointly released report reveals that privately owned housing starts in March were at [...]
April 20, 2011 (Shirley Allen) Lender Processing Service (LPS) released its monthly “First Look” Mortgage Report for March 2011 yesterday, which is derived from its loan-level database of nearly 40 million loans. The month-end data shows that mortgage delinquency rates continue to decline, but foreclosure inventories are rising. Read more...
April 20, 2011 (Chris Moore) The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending April15, 2011. The Market Composite Index, a measure of mortgage loan application volume, increased 5.3 percent on a seasonally adjusted basis from last week. The MBA attributes the jump in mortgage applications to an [...]
April 18, 2011 (Jeff Alan) The Treasury Department has announced updates to the policy guidelines for the Home Affordable Foreclosure Alternatives (HAFA) program which has been followed by legislation introduced in Congress by U.S. Reps. Tom Rooney (R-Fla.) and Robert Andrews (D-N.J.) to improve the process for approving short sales in the HAFA program. Read [...]
April 18, 2011 (Jeff Alan) Wells Fargo is holding another Home Preservation Workshop in Detroit, Michigan, on April 19 and 20, 2011. The event is being held at the Hyatt Regency Dearborn-Detroit Great Lakes Center and will be open from 9:00 a.m. until 7:00 p.m. each day. Read more...
April 18, 2011 (Shirley Allen) Fannie Mae announced the opening of its eighth help center in Jacksonville, Florida. The new Jacksonville Mortgage Help Center will provide free education and counseling services to struggling homeowners in the Duval County area. The Center was developed in partnership with Wealth Watchers, the Duval County area community and elected [...]
