Archive for April, 2015

Mortgage Rate Drop Spurs Demand for Mortgages

Thursday, April 30th, 2015

Mortgage Rate Drop Spurs Demand for Mortgages According to the Mortgage Bankers Association’s Weekly Applications Survey, mortgage rates dropped last week across all loan categories, including 30-year fixed-rate mortgages with both conforming and jumbo balances, loans backed by the Federal Housing Administration, and 15-year fixed-rate loans. The drop was the second in as many weeks […]

Home Sales Soar To 7-Year High

Saturday, April 25th, 2015

New Home Sales Soar To 7-Year High New estimates released by the U.S. Census Bureau and the Department of Housing and Urban Development show home sales of new single-family homes up 7.8 percent in February from the month before. The home sales surge beat economists’ expectations and pushed sales to their highest level since February […]

Sales Of Existing Homes Up In February

Saturday, April 25th, 2015

Sales Of Existing Homes Up In February Sales of previously owned homes rose in February, according to new numbers from the National Association of Realtors. In fact, existing-home sales – which include single-family homes, co-ops, condominiums, and townhomes – increased 1.2 percent from the previous month and are now 4.7 percent above year-before levels. The […]

Average Home Buyer Put 14% Down Last Year

Monday, April 20th, 2015

    Average Home Buyer Put 14% Down Last Year According to a new analysis, last year’s average home buyer put 14 percent down on their house, making last year’s average down payment $32,141. The analysis, conducted by RealtyTrac, looked at nearly 1.5 million home purchase loans in 386 counties across the country. The results […]

Optimism On The Rise Among Mortgage Pros

Monday, April 13th, 2015

Optimism On The Rise Among Mortgage Pros A new survey of mortgage lenders finds increasing optimism about the outlook for mortgage demand and credit availability in the months ahead. The results of Fannie Mae’s first quarter 2015 Mortgage Lender Sentiment Survey show that senior mortgage executives across the country have a more positive view compared […]

Latest Survey Finds Mortgage Rates Down

Saturday, April 11th, 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, mortgages backed by the Federal Housing Administration, and 15-year fixed-rate loans. Last week’s drop follows an increase the previous week […]

Construction Decline Likely A Temporary Setback

Saturday, April 11th, 2015

Construction Decline Likely A Temporary Setback New estimates released by the U.S. Census Bureau and the Department of Housing and Urban Development show privately owned housing starts – which measure the number of new homes that began construction during the month – fell in February. The 17 percent plunge brought construction levels to their lowest […]

Builders Remain Confident In Market For New Homes

Friday, April 10th, 2015

Builders Remain Confident In Market For New Homes Builder confidence slipped two points in March, according to the National Association of Home Builders Housing Market Index. The index measures builders’ perception of the market for new homeson a scale where any number above 50 indicates more builders view conditions as good than poor. Despite the […]

Millennial Buyers Make Bulk Of Home Sales

Friday, April 10th, 2015

Millennial Buyers Make Up Bulk Of Home Sales   According to new data from the National Association of Realtors, Americans age 34 and younger made up the largest group of home buyers in the past year. In fact, millennials accounted for 32 percent of all buyers, which was up 1 percent from the year before. […]