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Sales

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

Auction.com: Existing-Home Sales Flatten Out in November

House For Sale/Credit: Jupiterimages

Auction.com LLC has released the November Auction.com 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

Mortgage Rates Decline and Head Below the Four Percent Mark

Rates Dip Pic

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

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

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