Archive for the ‘Trends’ Category

Drop in Mortgage Apps Opens 2014 Holiday Season

Wednesday, November 26th, 2014


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Mortgage applications decreased 4.3 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending Nov. 21, 2014. The previous week’s results had included an adjustment for the Veterans Day holiday.Click to continue

Pending Home Sales Remain Healthy in October

Wednesday, November 26th, 2014


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Pending home sales slid in October, but remained at a healthy level of activity and are above year-over-year levels for the second straight month, according to the National Association of Realtors (NAR)The Pending Home Sales Index (PHSI), a forward-looking indicator based on contract signings, decreased 1.1 percent to 104.1 in OClick to continue

Mortgage Rate Black Friday Sale

Wednesday, November 26th, 2014


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"There have only been two days in the last 18 months where mortgage rates have been as low as they are now," said Gibran Nicholas, chairman of CMPS Institute, an organization that trains and certifies mortgage bankers and brokers. "Mortgage rates are determined by mortgage bond prices in the bond market.  There were Click to continue

HSH.com: Rates Still Lingering Around the Four Percent Range as 2014 Wraps

Tuesday, November 25th, 2014


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Rates on the most popular types of mortgages hardly changed this week, according to HSH.com's Weekly Mortgage Rates Radar. The average rate for conforming 30-year fixed-rate mortgages (FRMs) fell by a single basis point (0.01 percent) to 4.06 percent. Conforming 5/1 Hybrid ARM rates increased by one basis point, closing the Wednesday-to-Tuesday wraparound weekly survey at an average of 3.11 percent.Click to continue

Property Flipping in U.S. Hits Lowest Levels Since 2009

Tuesday, November 25th, 2014


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RealtyTrac has released its Q3 2014 U.S. Home Flipping Report, which shows that 26,947 single family homes were flipped nationwide in the third quarter of 2014—where a home is purchased and subsequently sold again within 12 months—representing four percent of all U.S.Click to continue

FHFA Finds Home Prices on the Rise for 13th Consecutive Quarter

Tuesday, November 25th, 2014


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U.S. house prices rose 0.9 percent in the third quarter of 2014, according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI).Click to continue

Auction.com: Existing-Home Sales Flatten Out in November

Monday, November 24th, 2014


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Auction.com LLC has released the November Auction.com Real Estate Nowcast which projects that existing home sales for the month will fall between seasonally adjusted averages of 5.05 and 5.46 million annual sales, with a targeted number of 5.25 million. This prediction suggests that sales will be essentially flat compared with October’s higher-than-expected 5.26 million sales figure, which was released on Nov. 20 by the National Association of Realtors (NAR).Click to continue

Zillow Reports Inventory Rising Among Expensive Homes, as Lower-Priced Homes Remain Scarce

Friday, November 21st, 2014


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The number of homes for sale continued to increase across the U.S. in October, a good sign for buyersbut with a catch.Click to continue

Mortgage Rates Decline and Head Below the Four Percent Mark

Thursday, November 20th, 2014


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Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), showing average fixed-rate mortgages (FRMs) slightly down from the previous week with the 30-year FRM dipping just below four percent to 3.99 percent, with an average 0.5 point for the week ending Nov. 20, 2014. This total was down from last week when it averaged 4.01 percent. A year ago at this time, the 30-year FRM averaged 4.22 percent.Click to continue

Existing-Home Sales See October Upswing

Thursday, November 20th, 2014


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Existing-home sales rose in October for the second straight month and are now above year-over-year levels for the first time in a year, according to the National Association of Realtors (NAR). Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, rose 1.5 percent to a seasonally adjusted annual rate of 5.26 million in October from an upwardly-revised 5.18 million in September.Click to continue