October 22, 2012 (Chris Moore) Low inventory of existing homes may have spurred the nation’s homebuilders to increase production as housing starts made a surprising double-digit jump in September according to the latest data released by the Census Bureau. […]
October 22, 2012 (Chris Moore) Sales of existing homes resumed their normal seasonal pattern following last weeks unexpected jump according to the weekly National Home Sales Snapshot released by DataQuick while home prices refused to budge for yet another week. […]
October 19, 2012 (Jeff Alan) Wells Fargo reports that 10,854 active trial or completed loan modifications were started in August bringing the total amount of trial and completed modifications to 803,456 since its mortgage relief efforts began in April 2009. […]
October 19, 2012 (Shirley Allen) Interest rates for fixed rate mortgages fell back to their near record lows this week while interest rates on adjustable rate mortgages moved slightly higher according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS) for the week ending October 18th. […]
October 18, 2012 (Jeff Alan) Monthly sales of existing homes took a double-digit dive in September, barely beating last year’s tally according to RE/MAX’s National Housing Report (NHR) while home prices fell for the second consecutive month but still outperformed the previous year for the eighth consecutive month. […]
October 18, 2012 (Chris Moore) Mortgage applications slipped again last week as refinance activity continued to weaken while applications for home purchases increased slightly for a second week according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending October 12th, 2012. […]
October 17, 2012 (Jeff Alan) Confidence among the nation’s new home builders moved up a notch in October according to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI), reaching its highest level since June 2006. […]
October 17, 2012 (Chris Moore) Home listing prices remained relatively stable from August to September with prices increasing less than one percent while the number of homes listed for sale remained at historic lows according to the latest housing data of 146 metro areas released by Realtor.com. […]
October 16, 2012 (Shirley Allen) Prepayment rates, a key indicator of refinance activity, showed a significant increase in August according to Lender Processing Services (LPS) Mortgage Monitor report for August with refinancing rates even surpassing those in the refinance waves in 2009 and 2010. […]
