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Mortgage Apps Decline 6.6 Percent Week Over Week

Mortgage Application Pic

Mortgage applications decreased 6.6 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending Oct. 24, 2014. The Market Composite Index, a measure of mortgage loan application volume, decreased 6.6 percent on a seasonally adjusted basis from one week earlier.Click to continue

The World's Least Affordable Housing Market Is …


While affordable housing (or the lack thereof) has become an increasingly thorny problem in the U.S. real estate world, it would appear that the situation is even worse overseas.Click to continue Fixed-Rates Again Eclipse the Four Percent Mark

House and Money Scale

Rates on the most popular types of mortgages firmed up for the first time since mid-September, according to's Weekly Mortgage Rates Radar. In the last week, the average rate for conforming 30-year fixed-rate mortgages (FRMs) rose by three basis points (0.03 percent) to 4.04 percent. Conforming 5/1 Hybrid ARM rates also increased by three basis points, closing the Wednesday-to-Tuesday wraparound weekly survey at an average of 3.05 percent.Click to continue

Halloween Real Estate Special: Ghost Town for Sale


Now here is a real Trick-or-Treat goodie for the real estate crowd: A creepy old New England ghost town is up for sale!Click to continue

S&P/Case-Shiller Data Confirm Deceleration in Home Prices


Reasons to be optimistic about a return to housing vibrancy received a setback in the latest data released Tuesday by S&P Dow Jones Indices for its S&P/Case-Shiller Home Price Indices.Click to continue

Zillow: Mortgage Rates Rise Slightly, But Remain Below Four Percent Mark

For Sale/Credit: Stockbyte

The 30-year fixed mortgage rate on Zillow Mortgages is currently 3.85 percent, up four basis points from this time last week. The 30-year fixed mortgage rate hovered around 3.90 percent for most of the week, dropping to 3.77 percent Wednesday before rising to the current rate.Click to continue

Trulia: Markets Where Obama Won in 2012 Have Lowest Housing Affordability


The expression “limousine liberal” might have new degree of resonance based on the 2012 election. According to a study by Trulia that rated the housing affordability levels in the nation’s 100 largest metro markets based on their 2012 presidential vote, markets that brought President Obama back for a second term have the lowest level of affordable housing in the nation.Click to continue

Houston, You Don't Have a Problem!


PwC US and the Urban Land Institute (ULI) looked into the near-future of U.S. real estate and have seen significant changes resulting from shifting business practices and demographics—not to mention a surplus of opportunities that are big and bright (clap, clap, clap, clap) deep in the heart of Texas.Click to continue

FHFA's August House Price Index Up 0.5 Percent in August

For Sale Sign/Credit: Medioimages/Photodisc

U.S. house prices rose in August, up 0.5 percent on a seasonally adjusted basis from the previous month, according to the Federal Housing Finance Agency (FHFA) monthly House Price Index (HPI). The previously reported 0.1 percent increase in July was revised to reflect a 0.2 percent increase.Click to continue