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Zillow: Fixed-Rate Mortgages Fall to 11-Week Low

House Keys/Credit: Digital Vision

The 30-year fixed-rate mortgage (FRM) on Zillow Mortgages is currently 3.96 percent, down 12 basis points from this time last week. The 30-year FRM spiked to 4.30 percent on Wednesday, then hovered around 4.06 percent for most of the week before falling to the current rate.Click to continue

Honolulu to Solve Affordable Housing Shortage With Micro Units

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The challenge of creating affordable housing in one of the nation’s most expensive housing markets has taken a new twist, with a focus on creating small units. Or, to be more precise, in creating very, very small units.Click to continue

Nationwide Fixed-Rates Drop Slightly to 4.19 Percent

Home Money/Credit: Comstock

Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), showing average fixed-rate mortgages (FRMs) flat to slightly down amid positive data on GDP, but mixed housing reports. The 30-year FRM averaged 4.19 percent, with an average 0.4 point for the week ending Oct. 2, 2014, down from last week when it averaged 4.20 percent. A year ago at this time, the 30-year FRM averaged 4.22 percent.Click to continue

Start-Up Seeks to Reinvent Home Equity Sector

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As positive equity returns in greater volume to the housing market, many originators forecast that home equity-related products will be among the mortgage world’s most popular offerings in 2015. However, a San Francisco-headquartered start-up is offering a boldly different approach to the home equity, brushing aside the traditional HELOCs in favor an intriguing new idea: The world's first residential real-estate equity exchange.Click to continue

Mortgage Apps Dip Slightly as Refis Level Off

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Mortgage applications decreased 0.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending Sept. 26, 2014.Click to continue