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Drop in Mortgage Apps Opens 2014 Holiday Season


Mortgage applications decreased 4.3 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending Nov. 21, 2014. The previous week’s results had included an adjustment for the Veterans Day holiday.Click to continue

Pending Home Sales Remain Healthy in October


Pending home sales slid in October, but remained at a healthy level of activity and are above year-over-year levels for the second straight month, according to the National Association of Realtors (NAR)The Pending Home Sales Index (PHSI), a forward-looking indicator based on contract signings, decreased 1.1 percent to 104.1 in OClick to continue

HARP Refis Eclipse the 3.2 Million Mark Nationwide


The Federal Housing Finance Agency (FHFA) has reported that the total volume of mortgage refinances increased slightly in the third quarter. According to FHFA’s Refinance Report, total refinance volume for the third quarter exceededClick to continue Rates Still Lingering Around the Four Percent Range as 2014 Wraps


Rates on the most popular types of mortgages hardly changed this week, according to's Weekly Mortgage Rates Radar. The average rate for conforming 30-year fixed-rate mortgages (FRMs) fell by a single basis point (0.01 percent) to 4.06 percent. Conforming 5/1 Hybrid ARM rates increased by one basis point, closing the Wednesday-to-Tuesday wraparound weekly survey at an average of 3.11 percent.Click to continue

Property Flipping in U.S. Hits Lowest Levels Since 2009

Property Flipping/Credit: Jupiterimages

RealtyTrac has released its Q3 2014 U.S. Home Flipping Report, which shows that 26,947 single family homes were flipped nationwide in the third quarter of 2014—where a home is purchased and subsequently sold again within 12 months—representing four percent of all U.S.Click to continue

Legalized Marijuana Creates Hazy Confusion for Real Estate Finance


As state laws evolve to accommodate marijuana usage and possession, federal laws that made the production and usage of marijuana illegal remain unchanged. This disconnect has created something of a problem in regard to housing and real estate finance.Click to continue Existing-Home Sales Flatten Out in November

House For Sale/Credit: Jupiterimages LLC has released the November Real Estate Nowcast which projects that existing home sales for the month will fall between seasonally adjusted averages of 5.05 and 5.46 million annual sales, with a targeted number of 5.25 million. This prediction suggests that sales will be essentially flat compared with October’s higher-than-expected 5.26 million sales figure, which was released on Nov. 20 by the National Association of Realtors (NAR).Click to continue

FHFA Announces 2015 Conforming Loan Limits


The Federal Housing Finance Agency (FHFA) has announced that the maximum conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac in 2015 will remain at $417,000 for one-unit properties in most of the country.&nbsClick to continue

Maryland Unveils Plan to Boost Homeownership

Maryland State Flag

The Maryland Department of Housing and Community Development (DHCD) has launched the Maryland Mortgage Program TriplePlay Initiative, a $100 million endeavor designed to help stabilize neighborhoods by promoting homeownership in Prince George’s County, one of the state’s most financially-troubled areas.Click to continue