Trends

This year’s housing market is starting off on a strong lead, according to new data released by the U.S. Census Bureau and the Department of Housing and Urban Development (HUD)
This year’s housing market is starting off on a strong lead, according to new data released by the U.S. Census Bureau and the Department of Housing and Urban Development (HUD).   There were 555,000 new single-family houses sold in January, which is 3.7 percent above the revised December rate of 535... Keep Reading....
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
The level of credit defaults on first and second mortgages saw mild increases last month, according to the latest S&P/Experian Consumer Credit Default Indices
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
There was a bit of an awkward seesaw ride taking place in newly released mortgage data, with the delinquency rate taking an uptick while the average FICO score level headed south
There was a bit of an awkward seesaw ride taking place in newly released mortgage data, with the delinquency rate taking an uptick while the average FICO score level headed south.   The delinquency rate for mortgages on one-to-four-unit residential properties increased to a seasonally adjusted rate... more
A sense of pessimism permeated today’s latest housing data, with a lower level of mortgage applications and a widening gap between homeowner estimates and appraiser opinions.   The Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending Feb. 10 found the Market... more