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Potential homeowners were paying more attention to the Thanksgiving holiday than to home loans, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending Nov. 24
Mortgage applications for new home purchases were up by 12.2 percent year-over-year in November, but were down by six percent from October, according to the latest Builder Applications Survey released by the Mortgage Bankers Association (MBA).   The MBA estimated new single-family home sales were... Keep Reading....
Rising rents are creating new difficulty for those hoping to move into homeownership, according to new data from Zillow
Rising rents are creating new difficulty for those hoping to move into homeownership, according to new data from Zillow.   In its latest study, Zillow determined that rent hikes are costing the typical renter $2,000 per year. The median U.S. rental now requires 29.1 percent of the median monthly... more
Potential homeowners were paying more attention to the Thanksgiving holiday than to home loans, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending Nov. 24
Potential homeowners were paying more attention to the Thanksgiving holiday than to home loans, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending Nov. 24.   The Market Composite Index fell by 3.1 percent on a seasonally adjusted basis... more
The Federal Housing Finance Agency (FHFA) has announced the maximum conforming loan limits for mortgages on one-unit properties to be acquired by Fannie Mae and Freddie Mac in 2018
The Federal Housing Finance Agency (FHFA) has announced the maximum conforming loan limits for mortgages on one-unit properties to be acquired by Fannie Mae and Freddie Mac in 2018 will be $453,100, up from the current level of $424,100.    The FHFA said that in areas where 115 percent of the local... more
The latest data from the S&P CoreLogic Case-Shiller Indices reported what has become the most obvious news story of the year: U.S. home prices are still rising
The latest data from the S&P CoreLogic Case-Shiller Indices reported what has become the most obvious news story of the year: U.S. home prices are still rising.   The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index reported a 6.2 percent annual gain in September, up from 5.9... more