Subscribe to the print edition of National Mortgage Professional MagazineSubscribe to our RSS feedFollow us on TwitterGet daily updates via emailJoin us on Facebook


Mortgage Apps Dip 3.5 Percent Over Last Week

Home for Sale/Credit: Comstock

Mortgage applications decreased 3.5 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending March 21, 2014. This week's results are compared to a revised level from last week. The seasonally adjusted market index, initially reported as a decline of 1.2 percent, was revised to an increase of 0.2 percent.Click to continue Yellen's QE Comments Force Rates Up to 4.46 Percent

Home Money/Credit: Comstock

Rates for the most popular types of mortgages increased a bit according to's Weekly Mortgage Rates Radar. The average rate for conforming 30-year fixed-rate mortgages rose by five basis points (0.05 percent) to 4.46 percent. Conforming 5/1 Hybrid ARM rates increased seven basis points (0.07 percent), closing the Wednesday-to-Tuesday wraparound weekly survey at an average of 3.18 percent.Click to continue

Cool Weather Cools U.S. Housing Recovery in January

House in Hands Pic

Data through January 2014, released by S&P Dow Jones Indices for its S&P/Case-Shiller Home Price Indices has shown that the 10-City and 20-City Composites rose 13.5 percent and 13.2 percent year-over-year. Twelve cities and the 20-City Composite saw their annual rates worsen.Click to continue

DataQuick: Home Sales Up in 29 of 42 Markets

For Sale/Credit: Stockbyte

DataQuick announced in its monthly Property Intelligence Report (PIR) that home sales increased in 29 of the 42 reporting markets in February, up significantly from the 11 counties reporting improved sales numbers in January. However, overall sales have only increased in six markets over the last quarter and in 16 counties over the last year.   Click to continue

Fixed-Rate Mortgages Hit 4.27 Percent on Zillow Mortgage Marketplace

Home Clouds Pic

The 30-year fixed mortgage rate on the Zillow Mortgage Marketplace is currently 4.27 percent, up eight basis points from this time last week. The 30-year fixed mortgage rate surged early last week, peaking at 4.33 percent on Thursday before dropping down near 4.28 percent, where rates hovered for the remainder of the week.Click to continue

February Winter Weather Drops Sales of Newly-Built Homes

For Sale Sign in the Snow

Sales of newly built, single-family homes fell 3.3 percent to a seasonally adjusted annual rate of 440,000 units in February, according to newly released figures from the U.S. Department of Housing & Urban Development (HUD) and the U.S. Census Bureau.Click to continue

Nationwide Foreclosure Totals Continue to Plummet in February


The data & analytics division of Black Knight Financial Services (formerly the LPS Data & Analytics division) reports the following "first look" at February 2014 month-end mortgage performance statistics derived from its loan-level database representing approximately 70 percent of the overall market. The total U.S.Click to continue

Weather and Lower Inventory Impact IL February Home Sales

Home Equity/Credit: Comstock

Illinois home sales decreased 6.2 percent over previous-year levels in February while median prices increased 6.9 percent, according to the Illinois Association of REALTORS (IAR). Statewide home sales (including single-family homes and condominiums) in February 2014 totaled 7,868 homes sold, down from 8,388 in February 2013. The number of houses on the market in February was down 19.2 percent compared to a year earlier, dropping from 70,053 homes for sale in February 2013 to 56,620 this year.Click to continue

Harsh Winter Slows NY February Home Sales

For Sale Sign in the Snow

Housing sales in New York State slowed during February, with closed transactions falling by 5.9 percent compared to February 2013, according to the housing market report released today by the New York State Association of REALTORS (NYSAR). The statewide median sales price continued its growth trend, increasing by nearly seven percent compared to last February.Click to continue