Mortgage applications for home purchases remained flat for another week while applications to refinance an existing mortgage plummeted according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending February 21st, 2014. The Market Composite Index, which measures mortgage loan application volume including purchase applications and refinance applications, tumbled a seasonally [...]
Interest rates for fixed mortgages moved higher for a second consecutive week while rates for adjustable mortgages tilted lower according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS) for the week ending February 27th, 2014. Fixed Rate Mortgages: Interest rates on fixed rate mortgages were higher again this week with the 30-year fixed rate mortgage [...]
Sales of existing homes posted their first increase in six weeks but are still down by over eleven percent in the last four weeks according to the National Home Sales Snapshot released by DataQuick. There were 166,980 properties sold over the previous thirty-day rolling period ending February 27th, 0.8 percent above the previous week’s total [...]
Last week’s glimmer of hope faded quickly as existing home sales resumed their downward slide according to the National Home Sales Snapshot released by DataQuick. There were 162,418 properties sold over the previous thirty-day rolling period ending March 6th, 2.7 percent below the previous week’s total of 166,980 sold properties and 5.8 percent lower than [...]
Sales of existing homes moved higher for the second time in three weeks according to the National Home Sales Snapshot released by DataQuick. There were 163,918 properties sold over the previous thirty-day rolling period ending March 13th, 0.9 percent above the previous week’s total of 162,418 sold properties but still 2.7 percent lower than the [...]
The number of completed loan modification by mortgage giant Freddie Mac fell again in January according to the agency’s recently released Monthly Volume Summary. Freddie Mac completed a total of 6,094 loan modifications in January, down 9.5 percent from the 6,731 loan modifications completed in December. In 2013, Freddie Mac completed a total of 83,188 [...]
Mortgage activity fell slightly last week as declines in purchase and refinance applications contributed to the overall decline in activity according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending March 14th, 2014. The Market Composite Index, which measures mortgage loan application volume including purchase applications and refinance applications, fell [...]
Interest rates for fixed mortgages turned downward this week according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS) for the week ending March 20th, 2014. Fixed Rate Mortgages: Interest rates on fixed rate mortgages were lower this week with the 30-year fixed rate mortgage decreasing by five basis points to an average of 4.32 percent [...]
Sales of existing homes fell sharply last week while home values bounced back to their highest level in six weeks according to the National Home Sales Snapshot released by DataQuick. There were 159,455 properties sold over the previous thirty-day rolling period ending March 20th, 2.7 percent below the previous week’s total of 163,918 sold properties [...]
