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The average 30-year fixed mortgage rate posted its biggest week-over-week increase since July, according to new data from Freddie Mac
30-Year Fixed Rate Mortgage Takes a Healthy Upswing
The average 30-year fixed mortgage rate posted its biggest week-over-week increase since July, according to new data from Freddie Mac.   The 30-year fixed-rate mortgage (FRM) averaged 3.91 percent for the week ending Oct. 12, up from last... Read more
Mortgage applications for new home purchases took a 7.5 percent year-over-year tumble in September
New Home Mortgage Applications Down in September
Mortgage applications for new home purchases took a 7.5 percent year-over-year tumble in September, according to the Mortgage Bankers Association’s (MBA) Builder Applications Survey. From August, applications were down by 20 percent.   MBA... Read more
The number of residential properties with foreclosure filings reached an 11-year low during the third quarter
Foreclosure Activity Falls to 11-Year Low
The number of residential properties with foreclosure filings reached an 11-year low during the third quarter, according to a new report from ATTOM Data Solutions.   During the third quarter, 191,824 properties had foreclosure filings,... Read more
The Houston housing market has moved beyond the damage and chaos created by Hurricane Harvey in August
Houston’s Housing Market Bounces Back from Harvey
The Houston housing market has moved beyond the damage and chaos created by Hurricane Harvey in August, according to new data from the Houston Association of Realtors (HAR).   During September, single-family home sales in the Houston... Read more
The government-sponsored enterprises (GSEs) completed 13,845 foreclosure prevention actions in July
GSE Short Sales and Deeds-in-Lieu Down
The government-sponsored enterprises (GSEs) completed 13,845 foreclosure prevention actions in July, according to new data released by the Federal Housing Finance Agency (FHFA).   During July, Fannie Mae and Freddie Mac coordinated 10,217... Read more
Loan Vision President Martin Kerr
Loan Vision Hosts First Ever User Conference
Loan Vision recently hosted a successful first Annual User Conference, held in the firm’s hometown of Pittsburgh. The Conference has produced waves of positive feedback and has driven the team to begin plans to hold a second conference... Read more
In observance of October as National Energy Awareness Month, WalletHub has released its list of 2017's Greenest Cities in America
The Greenest City in the Nation Is …
In observance of October as National Energy Awareness Month, WalletHub has released its list of 2017's Greenest Cities in America.   In an analysis of 100 cities that measured the “green” lifestyle via 22 indicators ranging from... Read more
Fewer people were seeking out mortgage applications
Mortgage Application Activity Slows Down
Fewer people were seeking out mortgage applications, according to data from the Mortgage Bankers Association (MBA) that covered the week ending Oct. 6.   The Market Composite Index was down by 2.1 percent on a seasonally adjusted basis... Read more
The chasm between what appraisers calculate for property valuation and the homeowners’ belief on what the valuation should be is getting a little bit closer
Gap Between Homeowner and Appraiser Opinions Narrows
The chasm between what appraisers calculate for property valuation and the homeowners’ belief on what the valuation should be is getting a little bit closer, according to new data from Quicken Loans.   Last month, appraiser’s valuations... Read more
California and Texas leads the nation with the greatest threat to residential property damage due to wildfire damage, according to new data from CoreLogic
More Than 172,000 California Homes Face Wildfire Risk
A total of 172,117 homes with a combined reconstruction cost value (RCV) of more than $65 billion are at some level of risk from the wildfires sweeping across California’s Napa and Santa Rosa metropolitan areas, according to new data from... Read more