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Mortgage Apps Dip Slightly as Refis Level Off

Mortgage Application Pic

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

Broad-Based Easing of Home Price Gains in July: New S&P/Case-Shiller Data Charts Lethargic Home Price Activity

House and Money Scale

While the summer of 2014 is now history, the latest data from the S&P/Case-Shiller Home Price Indices (HPI) reaffirmed that it was not a profitable season in the housing market.

According to S&P/Case-Shiller, 19 out of 20 cities saw lower annual returns in July, with Cleveland’s rate remaining unchanged at +0.9 percent.Click to continue

FHFA: Rates Plateau in August

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Nationally, interest rates on conventional purchase-money mortgages decreased slightly from July to August, according to several indices of new mortgage contracts, according to the Federal Housing Finance Agency (FHFA). The National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders index was 4.08 percent for loans closed in late August, down one basis point from 4.09 percent in July. Click to continue

Did a Chinese Film Really Boost Seattle Home Purchasing?


Is a Chinese romantic comedy fueling a rush in trans-Pacific investment in pricey Seattle real estate? Or is this simply a case of movie-fueled wishful thinking?Click to continue

Foreign House Hunters Set Their Sights on Hollywood


When it comes to U.S. residential real estate, Los Angeles is the primary gateway destination for international buyers coming from across both oceans and up from Latin America.Click to continue

Home Equity and the Half-Full/Empty Glass


One of the most abused clichés in the English language involves the concept of a drinking glass filled to the halfway mark: The too-obvious question is whether the glass is half-full or half-empty.Click to continue

Mixed Housing Data Causes Slight Rise in Rates

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Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), showing average fixed-rate mortgages (FRMs) easing slightly from the previous week amid mixed housing data. The 30-year FRM averaged 4.20 percent, with an average 0.5 point for the week ending Sept. 25, 2014, down from last week when it averaged 4.23 percent. A year ago at this time, the 30-year FRM averaged 4.32 percent. The 15-year FRM also averaged 3.36 percent with an average 0.5 point, down from last week when it averaged 3.37 percent. A year ago at this time, the 15-year FRM averaged 3.37 percent.Click to continue