Trends

Mortgage rates recorded mixed results in the latest Primary Mortgage Market Survey (PMMS) released by Freddie Mac
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 averaged 3.95 percent. A year ago at this time, the 30-year FRM... Keep Reading....
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 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. Zillow determined that there were 11.7 percent fewer homes for... 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
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 Survey for the week ending Nov. 17, the Market Composite... more
Existing-home sales increased in October to their strongest pace since earlier this summer, according to new data from the National Association of Realtors (NAR)
Existing-home sales increased in October to their strongest pace since earlier this summer, according to new data from the National Association of Realtors (NAR).   October’s sales data recorded a two percent rise to a seasonally adjusted annual rate of 5.48 million from a downwardly revised 5.37... more
October home sales were up by 2.5 percent on a year-over-year basis but were down 3.4 percent from September
October home sales were up by 2.5 percent on a year-over-year basis but were down 3.4 percent from September, according to the latest RE/MAX National Housing Report. Thirty-seven of the 53 metro areas tracked by RE/MAX saw year-over-year home sale increases, most notably Albuquerque, N.M., with a... more