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Zillow Mortgages: Rates Dive Yet Again to Sub-Four Percent Mark

House For Sale/Credit: Jupiterimages

The 30-year fixed-rate mortgage (FRM) on Zillow Mortgages is currently 3.82 percent, down eight basis points from this time last week. The 30-year FRM hovered around 3.85 percent for most of the week before falling to the current rate.Click to continue

Discover Survey: Technology Great Tool for Advancing Homeownership

Home in Hands Pic

Consumers use technology to do just about everything, including looking for and buying a home. A recent independent poll commissioned by Discover Home Loans shows that 89 percent of homebuyers use some form of online technology to help them with the homebuying process. In fact, 76 percent of buyers feel technology made them a smarter homebuyer and 69 percent said it made them more confident.Click to continue

Affordable Housing … Nantucket-Style


One of the most expensive and exclusive housing markets in the nation will soon be home to a new affordable housing development. Well, sort of.Click to continue

Mortgage Apps for New Home Purchases on the Rise

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The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for October 2014 shows mortgage applications for new home purchases increased by eight percent relative to the previous month. This change does not include any adjustment for typical seasonal patterns. By product type, conventional loans composed 68.2 percent of loan applications, FHA loans composed 16.2 percent, RHS/USDA loans composed 1.5 percent and Click to continue

Housing Affordability Tails Off in Q3


Firming home prices in markets across the country contributed to a slight dip in nationwide housing affordability in the third quarter of 2014, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI). In all, 61.8 percent of new and existing homes sold between the beginning of July and the end of September were affordable to families earning the U.S. median income of $63,900.Click to continue

Fixed-Rates Level Off, Remain in the Four Percent Range

House for Sale/Credit: Creatas

Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), showing average fixed mortgage rates little changed from the previous week with the 30-year mortgage still hovering around four percent. The 30-year fixed-rate mortgage (FRM) averaged 4.01 percent with an average 0.5 point for the week ending Nov. 13, 2014, down from last week when it averaged 4.02 percent. A year ago at this time, the 30-year FRM averaged 4.35 percent.Click to continue

Mortgage Apps Slide 0.9 Percent

Mortgage Applications

Mortgage applications decreased 0.9 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending Nov.Click to continue