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Trends

Fixed-Rates Hit Lowest Mark Since June 2013

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Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), showing average fixed mortgage rates hitting new lows for the year as 10-year bond yields briefly dipped below two percent. At 3.97 percent the average 30-year fixed rate is at its lowest level since the week of June 20, 2013 when it averaged 3.93 percent. This was also the last time the 30-year fixed averaged below four percent in the PMMS until this week.Click to continue

HUD Housing Survey Finds Neighborly Help Alive and Well

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Roughly half of all American households report getting along with their next door neighbors and are willing to lend a helping hand if needed. That’s among the findings of the 2013 American Housing Survey being released by the U.S.Click to continue

Cash Sales Comprise 33 Percent of Total Sales in July 2014

Cash Money/Credit: Adam Gault

Cash sales made up 32.9 percent of total home sales in July 2014, the lowest share since August 2008, and down from 35.9 percent in July 2013. Month over month, the cash sales share was mostly flat, falling only one tenth of a percentage point from June 2014, however, cash sales share comparisons should be made on a year-over-year basis due to the seasonal nature of the housing market.The year-over-year share has fallen each month since January 2013.Click to continue

HSH.com: Drop in Rates to Signal Refi Rebirth?

House Atop Money/Credit: Creatas

Rates on the most popular types of mortgages declined substantially according to HSH.com's Weekly Mortgage Rates Radar. The average rate for conforming 30-year fixed-rate mortgages fell by 10 basis points (0.10 percent) to 4.09 percent. Conforming 5/1 Hybrid ARM rates decreased by 12 basis points (0.12 percent), closing the Wednesday-to-Tuesday wraparound weekly survey at an average of 3.10 percent.Click to continue

U.S. Mortgage Apps Rise Nearly Six Percent

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On the heels of news that mortgage rates are hitting, in some cases, 16-month lows, mortgage applications increased 5.6 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending Oct. 10, 2014.Click to continue

Zillow: Mortgage Rates Plummet to 16-Month Low

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The 30-year fixed-rate mortgage (FRM) on Zillow Mortgages is currently at 3.81 percent, down 15 basis points from this time last week. The 30-year FRM dropped Wednesday, then hovered around 3.88 percent for most of the week before falling to its current rate.Click to continue

Home Prices Rise Nationwide 0.8 Percent in August

House For Sale/Credit: Jupiterimages

The latest FNC Residential Price Index (RPI) shows U.S. home prices have increased another 0.8 percent from July to August. The latest trend—as of August—marks a 30-month rising streak since 2012. Based on recorded sales of non-distressed properties (existing and new homes) in the 100 largest metropolitan areas, the index increased 7.5 percent from the same period in 2013—unchanged when compared to July’s year-to-year rate—amid a persistent slowdown in the annual rate of home price appreciation.Click to continue