Mortage News

The National Association of Home Builders’ (NAHB) Multifamily Production Index (MPI) fell 10 points to 46 in the third quarter, its lowest reading since the second quarter of 2011
Multifamily Production Index Down 10 Points
The National Association of Home Builders’ (NAHB) Multifamily Production Index (MPI) fell 10 points to 46 in the third quarter, its lowest reading since the second quarter of 2011.   Two of the MPI’s three components were down in the third... Read more
Sales of new single-family houses October 2017 were at a seasonally adjusted annual rate of 685,000
New Home Sales Up Dramatically
Sales of new single-family houses October 2017 were at a seasonally adjusted annual rate of 685,000, according to estimates released by the U.S. Census Bureau and the Department of Housing and Urban Development. Last month’s sales were 6.2... Read more
A new data report from Realtor.com analyzed U.S. Census Bureau statistics covers the nation’s 75 largest metro areas to compare the homeownership rates in the first three-quarters of 2014 to the first three-quarters of 2017
The City With the Greatest Homeownership Increase Is …
A new data report from Realtor.com analyzed U.S. Census Bureau statistics covers the nation’s 75 largest metro areas to compare the homeownership rates in the first three-quarters of 2014 to the first three-quarters of 2017. The result:... Read more
The go-go housing market started showing signs of go-slow, according to new data from Black Knight Inc.
Monthly Home Price Appreciation Slows
The go-go housing market started showing signs of go-slow, according to new data from Black Knight Inc.   In its latest data report, Black Knight’s Home Price Index (HPI) was $282,000 for September, up 0.16 percent from August and up 6.36... Read more
Mick Mulvaney arrived on his first day as President Trump’s appointment as Acting Director at the Consumer Financial Protection Bureau (CFPB)
Mulvaney Begins First Day as CFPB Acting Director
Mick Mulvaney arrived on his first day as President Trump’s appointment as Acting Director at the Consumer Financial Protection Bureau (CFPB) carrying a large bag from Dunkin Donuts for his new colleagues, and immediately began working as... Read more
The Trump Administration’s charge that the Consumer Financial Protection Bureau (CFPB) was promoting a partisan agenda may not be entirely wrong, according to the Center for Responsive Politics’ Open Secrets Web site analysis of political donations made b
Cordray Sets Off Power Struggle for CFPB Leadership
The traditionally quiet Thanksgiving holiday weekend became a surprise battlefront as the Consumer Financial Protection Bureau (CFPB) turned into Washington’s latest partisan struggle when outgoing director Richard Cordray attempted to... Read more
The Mortgage Matrix
"You take the Blue Pill, the story ends. You wake up in your bed and believe whatever you want to believe. You take the Red Pill, you stay in Wonderland, and I show you how deep the rabbit hole goes."–Morpheus Since 2009, I’ve been writing... Read more
Mortgage rates recorded mixed results in the latest Primary Mortgage Market Survey (PMMS) released by Freddie Mac
Freddie Mac: Mortgage Rates Remain Steady
Mortgage rates recorded mixed results in the latest Primary Mortgage Market Survey (PMMS) released by Freddie Mac.   The 30-year fixed-rate mortgage (FRM) averaged 3.92 percent for the week ending Nov. 22, down from last week when it... Read more
The national median home value during October reached $203,400, which is $12,500 or 6.5 percent higher than it was one year ago, according to new data from Zillow
Median Home is $12,500 More Expensive Than One Year Ago
The national median home value during October reached $203,400, which is $12,500 or 6.5 percent higher than it was one year ago, according to new data from Zillow.   The spike in median home value is being attributed to a low inventory.... Read more
While the nation was getting ready in advance of this week’s Thanksgiving holiday, mortgage application activity managed to record a very slight rise
Mortgage Applications Up by 0.1 Percent
While the nation was getting ready in advance of this week’s Thanksgiving holiday, mortgage application activity managed to record a very slight rise.   According to data from the Mortgage Bankers Association’s Weekly Mortgage Applications... Read more