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Rates Begin to Level on Zillow Marketplace

House_Sale/Copyright: Getty Images/Credit: Jupiterimages

The 30-year fixed mortgage rate on Zillow Mortgages is currently 4.08 percent, up two basis points from this time last week. The 30-year fixed mortgage rate rose early last week, peaking at 4.23 percent on Wednesday before falling to the current rate on Tuesday.Click to continue Mortgage Rates Level Off

Stats/Copyright: Getty Images/Credit: Hemera Technologies

Rates on the most popular types of mortgages held nearly still according to's Weekly Mortgage Rates Radar. The average rate for conforming 30-year fixed-rate mortgages rose by a single basis point (0.01 percent) to 4.19 percent. Conforming 5/1 Hybrid ARM rates remained unchanged for the week, holding at an average of 3.14 percent for the period.Click to continue

Mortgage Banker Profits Back on the Rise in Q2

House Atop Money/Credit: Creatas

Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net gain of $954 on each loan they originated in the second quarter of 2014, up from a reported loss of $194 per loan in the first quarter of 2014, the Mortgage Bankers Association (MBA) reported in its Quarterly Mortgage Bankers Performance Report.Click to continue

Home Price Gains Begin to Slow Nationwide

House For Sale/Credit: Jupiterimages

Data through June 2014, released by S&P Dow Jones Indices for its S&P/Case-Shiller Home Price Indices show a sustained slowdown in price increases. The National Index gained 6.2 percent in the 12 months ending June 2014 while the 10-City and 20-City Composites gained 8.1 percent; all three indices saw their rates slow considerably from last month. Every city saw its year-over-year return worsen.Click to continue

Gen X-ers More Likely to be Underwater Than Millenials and Baby Boomers

Underwater Home Pic

Generation X homeowners are far more likely to be underwater on their mortgage than millennial and Baby Boomer homeowners, a generational block that could limit the market for years, according to the second quarter Zillow Negative Equity Report. The overall national negative equity rate fell to 17 percent in the second quarter, with more than 8.7 million homeowners with a mortgage owing more than their home was worth.Click to continue

U.S. Home Prices Up Nearly One Percent in Q2

For Sale Sign White

The Federal Housing Finance Agency (FHFA) has announced that U.S. house prices rose 0.8 percent in the second quarter of 2014, according to its purchase-only, seasonally adjusted House Price Index (HPI). This is the twelfth consecutive quarterly price increase in the HPI.Click to continue

Newly-Built Home Sales Dip Nearly 2.5 Percent in July

House Sold Pic

Sales of newly built, single-family homes fell 2.4 percent to a seasonally adjusted annual rate of 412,000 units in July, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. Sales numbers for June were revised up 16,000 to 422,000.Click to continue

Nearly Five Percent of Q2 Home Sales Were Flipped Properties


RealtyTrac released its Q2 2014 U.S. Home Flipping Report, which shows that nearly 31,000 single family homes were flipped nationwide in the second quarter of 2014—where a home is purchased and subsequently sold again within 12 months—representing 4.6 percent of all U.S. single family home sales, down from 5.9 in the first quarter of 2014 and down from 6.2 percent in the second quarter of 2013.Click to continue

Existing Home Sales Hit High 2014 Mark in July


Existing-home sales increased in July to their highest annual pace of the year, and the ongoing decline in distressed sales reached an important milestone, according to the National Association of RealtorsTotal existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, rose 2.4 percent to a seasonally adjusted annual rate of 5.15 million in July from a slight downwardly-revised 5.03 million in June.Click to continue