Trends

Where are the Millennials looking to buy a home
Where are the Millennials looking to buy a home? According to Realtor.com, the answer is a mix of the usual Millennial magnet cities and a few surprising markets.   In rank order, Realtor.com’s new list of the Top Cities for Millennials are Salt Lake City; Miami; Orlando; Seattle; Houston; Los... Keep Reading....
Mortgage applications for new home purchases increased from January to February by 16 percent, according to the Mortgage Bankers Association (MBA) Builder Application Survey (BAS). On a year-over-year measurement, applications were up 2.2 percent
Mortgage applications for new home purchases increased from January to February by 16 percent, according to the Mortgage Bankers Association (MBA) Builder Application Survey (BAS). On a year-over-year measurement, applications were up 2.2 percent.   The MBA estimated new single-family home sales... more
Homeowners with mortgages saw their equity increase by a total of $783 billion in 2016
Homeowners with mortgages saw their equity increase by a total of $783 billion in 2016, a year-over-year increase of 11.7 percent, while more than one million borrowers moved out of negative equity, increasing the percentage of homeowners with positive equity to 93.8 percent of all mortgaged... more
Average 30-year fixed mortgage rates reached their highest mark for the year to date, according to Freddie Mac’s Primary Mortgage Market Survey (PMMS) for the week ending March 9
Average 30-year fixed mortgage rates reached their highest mark for the year to date, according to Freddie Mac’s Primary Mortgage Market Survey (PMMS) for the week ending March 9.   The 30-year fixed-rate mortgage (FRM) averaged 4.21 percent, up from last week when it averaged 4.10 percent, while... more
Sterling Bancorp has announced that it will acquire Astoria Financial Corporation in a stock-for-stock transaction valued at approximately $2.2 billion
Sterling Bancorp has announced that it will acquire Astoria Financial Corporation in a stock-for-stock transaction valued at approximately $2.2 billion. The union of these financial institutions will create a new Sterling Bancorp with $29 billion in assets, making it the sixth largest regional bank... more