Archives for November 2015

Latest Survey Finds Mortgage Rates Down

According to the Mortgage Bankers Association's Weekly Applications Survey, average mortgage rates fell last week across all loan categories, including 30-year fixed-rate loans with both conforming and jumbo balances, loans backed by the Federal Housing Administration, and … [Read more...]

Home Prices Continue To Show Strength

The S&P/Case-Shiller Home Price Indices are considered among the leading measures of U.S. home prices. Released monthly, the index looks at house prices on a year-over-year and month-over-month basis. According to the most recent release, home prices are up 4.9 percent … [Read more...]

Existing Home Sales Slip In October

After climbing almost 5 percent in September, sales of previously owned homes fell in October, according to new estimates from the National Association of Realtors. Total existing-home sales – which include single-family homes, townhomes, condominiums, and co-ops – dropped … [Read more...]

Experts Expect Rebound As End Of Year Nears

The economy and housing market are showing encouraging signs as the end of the year nears. In fact, according to Fannie Mae's Economic & Strategic Research Group, the economy should see a strong fourth quarter finish, despite the recent loss of economic momentum. A … [Read more...]

Experts Expect Rebound As End Of Year Nears

The economy and housing market are showing encouraging signs as the end of the year nears. In fact, according to Fannie Mae's Economic & Strategic Research Group, the economy should see a strong fourth quarter finish, despite the recent loss of economic momentum. A … [Read more...]

Rising Permits A Sign Of Things To Come

Building permits are an excellent indicator of how many new homes are going to be built in the coming months. Because of this, they are tracked each month by the U.S. Census Bureau and the Department Of Housing and Urban Development. In October, authorized permits to build … [Read more...]

Mortgage Rate Increases Spur Activity

According to the Mortgage Bankers Association's Weekly Applications Survey, average mortgage rates increased last week across all loan categories, including 30-year fixed-rate mortgages with both conforming and jumbo balances, loans backed by the Federal Housing … [Read more...]

Builder Confidence In New Home Market Still High

The market for newly built single-family homes is an important barometer of the housing market's health overall. Because of this, the National Association of Home Builders surveys builders each month and asks for their perception of current sales conditions, buyer traffic, … [Read more...]

Mortgage Credit Availability Improves Again

When mortgage credit is tight, it's harder for prospective home buyers to secure financing. That means, fewer potential buyers will qualify for home loans and fewer homes will be sold. Fortunately, data from the Mortgage Bankers Association, shows mortgage credit has been … [Read more...]

Foreclosure Starts Jump In October

The number of foreclosure starts saw its biggest monthly increase since 2011, according to recently released data from RealtyTrac's U.S. Foreclosure Market Report for October. The 12 percent spike follows a pattern seen in previous Octobers but the size of the increase was … [Read more...]