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The Mortgage Bankers Association (MBA) has looked into the future, and they are not complaining
The Mortgage Bankers Association (MBA) has looked into the future, and they are not complaining.   "We're expecting steady, modest growth in the U.S. economy," said MBA Vice President of Research & Economics Lynn Fisher yesterday at the MBA National Mortgage Servicing Conference & Expo. "We... Keep Reading....
Affordable housing continues to be an elusive commodity, according to the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index
Affordable housing continues to be an elusive commodity, according to the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index, which has declined to its lowest point since the third quarter of 2008.   The NAHB reported that 59.9 percent of new and existing... more
This year started off with a bang, at least in terms of housing activity. According to the latest RE/MAX National Housing Report, last month “topped all other Januarys in the report’s nine-year history with the most sales, highest sales price and fewest days on market.”   Total sales were up 4.5... more
Average mortgage rates experienced a slight downward movement, according to Freddie Mac’s Primary Mortgage Market Survey (PMMS) for the week ending Feb. 16.   The 30-year fixed-rate mortgage (FRM) averaged 4.15 percent, down from last week when it averaged 4.17 percent. The 15-year FRM this week... more
What is the true cost of homeownership? According a new data analysis from Zillow, today’s typical monthly mortgage payment requires more of the average household income than it has anytime in the previous six years.   Zillow has determined that buyers spend 15.8 percent of the median household... more