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Originations

Mortgage Rates Decline and Head Below the Four Percent Mark

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Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), showing average fixed-rate mortgages (FRMs) slightly down from the previous week with the 30-year FRM dipping just below four percent to 3.99 percent, with an average 0.5 point for the week ending Nov. 20, 2014. This total was down from last week when it averaged 4.01 percent. A year ago at this time, the 30-year FRM averaged 4.22 percent.Click to continue

Refi Volume Hits Six-Month High

House Atop Money/Credit: Creatas

To paraphrase Mark Twain … “Reports of refis’ death have been greatly exaggerated.” According to the latest Origination Insight Report released by Click to continue

Existing-Home Sales See October Upswing

House Keys/Credit: Digital Vision

Existing-home sales rose in October for the second straight month and are now above year-over-year levels for the first time in a year, according to the National Association of Realtors (NAR). Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, rose 1.5 percent to a seasonally adjusted annual rate of 5.26 million in October from an upwardly-revised 5.18 million in September.Click to continue

An NMP Exclusive: An Interview With Paul Anastos, President of Mortgage Master, a Division of loanDepot LLC

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Paul Anastos is president of Mortgage Master, one of the country’s largest privately-owned mortgage companies headquartered in Walpole, Mass. The company, founded by Leif Thomsen in 1988, just agreed to merge with loanDepot LLC the nation’s second largest non-bank consumer lender.Click to continue

Study Casts Dim View on the Financial Health of Millennials

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For many financial services experts, Millennials—the demographic between the ages of 18 and 34—represent a future of great potential. However, a new survey confirms that while the future might seem encourage, the present offers reason for apprehension.Click to continue

Single-Family Starts Rise 4.2 Percent in October

For Sale Sign/Copyright: Getty Images/Credit: Hemera Technologies

Single-family housing production in October reached its highest level since November 2013, while the more volatile multifamily sector brought combined nationwide starts activity down 2.8 percent to a seasonally adjusted annual rate of 1.009 million units, according to newly released figures from the U.S. Department of Housing & Urban Development (HUD) and the U.S. Census Bureau.Click to continue

HSH.com: Rates Head Back Downward Toward Four Percent Mark

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Rates on the most popular mortgages types declined somewhat, according to HSH.com's Weekly Mortgage Rates Radar. The average rate for conforming 30-year fixed-rate mortgages fell by three basis points (0.03 percent) to 4.07 percent. Conforming 5/1 Hybrid ARM rates also decreased by three basis points, closing the Wednesday-to-Tuesday wraparound weekly survey at an average of 3.10 percent.Click to continue

Zillow Mortgages: Rates Dive Yet Again to Sub-Four Percent Mark

House For Sale/Credit: Jupiterimages

The 30-year fixed-rate mortgage (FRM) on Zillow Mortgages is currently 3.82 percent, down eight basis points from this time last week. The 30-year FRM hovered around 3.85 percent for most of the week before falling to the current rate.Click to continue

Discover Survey: Technology Great Tool for Advancing Homeownership

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Consumers use technology to do just about everything, including looking for and buying a home. A recent independent poll commissioned by Discover Home Loans shows that 89 percent of homebuyers use some form of online technology to help them with the homebuying process. In fact, 76 percent of buyers feel technology made them a smarter homebuyer and 69 percent said it made them more confident.Click to continue