Fannie Mae's Housing Purchase Sentiment Index increased to 77.7 in January 2021, a 3.7 point increase from December 2020. This is especially true for sellers as the home-selling conditions component increases 16%. "The HPSI experienced a modest uptick in January, reversing much of December's decline," [...]
A new study shows that home buyers can save a lot of money by timing their mortgage application right. If you’re playing the waiting game with mortgage rates, you may not want to wait much longer. A new study from Haus, the home-finance startup created by [...]
Existing home sales finished 2020 with the strongest performance in 14 years, the National Association of Realtors reported on Friday. The report said total existing home sales increased 0.7% from November to a seasonally adjusted annual rate of 6.76 million in December. Sales in total rose year-over-year, [...]
When that big change happens at the White House this Wednesday, on Inauguration Day, what will it mean for America’s other houses — and the mortgage rates used to finance them? As the country entered 2020, 30-year fixed-rate home loans were averaging 3.72%. Since then, [...]
The Mortgage Bankers Association’s Builder Application Survey data for December shows mortgage applications for new home purchases edged up by just 0.2 percent from November but improved by 42.2 percent from a year ago. The survey does not include any adjustment for typical seasonal patterns. [...]
After setting more than a dozen record lows last year, mortgage rates began 2021 on an upward climb, and that lit a fire under borrowers, fearing they might miss the last of the lowest rates. Mortgage applications to refinance a home loan spiked 20% last [...]
Veros Real Estate Solutions, Santa Ana, Calif., released its Q4-2020 VeroFORECAST data, projecting home price appreciation will increase significantly during the next 12 months in the 100 most-populated markets. The overall average forecast is 5.9% by Q4 2021, an additional increase of 0.9 percentage points compared to [...]
The end of 2020 won’t necessarily mean saying goodbye to the favorable 2% mortgage rates that hit historically low levels 16 times over the past 12 months. In fact, most industry observers believe rates will remain at the same low levels in 2021 as the Federal Reserve uses low rates as a weapon [...]
The national median home price rose 14% year over year to $335,519 in November, according to Redfin, Seattle. And in many housing market hotspots, bidding wars persist for more than half of home sales. The Redfin report (https://www.redfin.com/news/november-housing-market-update-14-pct/) said the huge jump in home prices [...]
Historically low interest rates, change in home preferences, flexible work schedules and increased housing affordability triggered substantial rebound in first-time homebuyer market in the third quarter, said Genworth Mortgage Insurance, Richmond, Va. The company’s quarterly First-Time Homebuyer Market Report (https://miblog.genworth.com/first-time-homebuyer-market-report) also said private mortgage insurance [...]
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Legal ©2000-2025 Mid-Island Mortgage Corp.® 900 Merchants Concourse, Suite #112, Westbury, NY 11590. All Rights Reserved. This is not a commitment to lend. Rates subject to change. Loans to borrowers with poorer credit scores are priced higher and are differentiated due to the high level of credit qualifying overlays. Restrictions apply. Licensed Mortgage Banker - NYS Department of Financial Services; MA Licensed Mortgage Lender/Broker # MC1259; Licensed by the NH Banking Department; RI Licensed Lender/Broker; Licensed by the NJ Department of Banking and Insurance; FL Mortgage Lender/Servicer; ME Supervised Licensed Lender; Licensed by the PA Department of Banking and Securities; Licensed by the Delaware State Bank Commissioner to engage in business in this State, License # 9680; CT, MD & MN Licensed Mortgage Lender; SC BOFI Mortgage Lender/Servicer; Illinois Residential Mortgage Licensee; Licensed with the North Carolina Commissioner of Banks; DC Mortgage Dual Authority Licensee; Georgia Residential Mortgage Licensee, # 57717; Virginia State Corporation Commission # MC-4685. By refinancing your existing loan, your total finance charges may be higher over the life of the loan.
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