Posts Tagged ‘mortgage’
December New Home Purchase Mortgage Applications Up 42% From Year Ago
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. By product type, conventional loans composed 73.3 percent of loan…
Read MoreAnother record low mortgage rate just caused demand to jump for both refinances and home purchases
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($510,400 or less) decreased to a survey low of 2.92% from 2.99%. Mortgage applications to purchase a home rose 4% for the week and were 19% higher than the same week one year ago. Mortgage interest rates have set record lows more…
Read MoreNEWS: Borrower beware: Mortgage rates may rise as year winds down
It’s been a strange year for the housing market.
Read MoreNEWS: Home Prices Skyrocketing Because Of Low Mortgage Rates, Not Because Covid-19 Increased Demand For Large Homes
Home prices are skyrocketing in most U.S. markets despite Covid-19.
Read MoreNEWS: The Fall Real Estate Market Is Abnormally Hot As Mortgage Rates Break Records
The coronavirus pandemic has remade what’s normal, and homebuying is no exception.
Read MoreNEWS: Millennial Update: They’re Buying Houses and Going into Debt to Fix Them Up
Reports by Ellie Mae and Bankrate.com show Millennials are pulling out their wallets not only to purchase homes, but to fix them up as well.
Read MoreNEWS: Signs Point Toward Continued House Price Appreciation
MBA Newslinks August 24, 2020 Ahead of this morning’s S&P CoreLogic Case-Shiller Home Price Indexes, a report from First American Financial Corp., Santa Ana, Calif., said low mortgage rates, tight supply and demographic demand will continue to drive home price appreciation well into autumn. “Mortgage rates are even lower (below 3% for the first time…
Read MoreNEWS: Home Sellers Increasingly Hold Upper Hand
Michael Tucker August 24, 2020 Zillow, Seattle, said sellers expanded their advantage in July as market forces continued to work in their favor. Buyers outnumbered sellers and snapped up homes at a record pace last month, Zillow reported. “This spring’s housing soft patch is receding in the rearview mirror as we get a clear picture…
Read MoreNEWS: Signs of recovery? U.S. business activity and home sales surge
Dan Burns August 21, 2020 (Reuters) – In signs an economic recovery may be picking up speed, U.S. home sales rose at a record rate for a second straight month in July, and purchasing managers in both the manufacturing and services sectors report business activity has accelerated at a brisker-than-expected pace this month. With mortgage…
Read MoreNEWS: Manhattan apartment deals plunge 57%, suburban real estate surges
Robert Frank August 6, 2020 Apartment contracts in Manhattan fell by more than half in July, while deals in many New York suburbs more than doubled, showing a continued flight from the city over the summer. The number of signed contracts for co-ops and condos in Manhattan — the best real-time measure of activity —…
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