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Mortgage rates were mostly down this week, according to the latest Freddie Mac Primary Mortgage Market Survey (PMMS)
Mortgage rates were mostly down this week, according to the latest Freddie Mac Primary Mortgage Market Survey (PMMS).   The 30-year fixed-rate mortgage (FRM) averaged 3.88 percent for the week ending Oct. 19, down from last week when it averaged 3.91 percent. The 15-year FRM this week averaged 3.19... Keep Reading....
There was more activity in the purchase market than the refinance market, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending Sept. 29
There was more activity in the purchase market than the refinance market, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending Sept. 29.   The Market Composite Index dipped by 0.4 percent on a seasonally adjusted basis from one week earlier, while... more
Home prices in August increased by 6.9 percent year-over-year and were up 0.9 percent from the previous month, according to new data from CoreLogic
Home prices in August increased by 6.9 percent year-over-year and were up 0.9 percent from the previous month, according to new data from CoreLogic.   Among the states, Washington and Utah had the greatest year-over-year gains in August, up 13 percent and 11.2 percent, respectively. West Virginia... more
The frequency of defects, fraudulence and misrepresentation in the information submitted in mortgage loan applications remained at the same from July into August
The frequency of defects, fraudulence and misrepresentation in the information submitted in mortgage loan applications remained at the same from July into August, according to First American Financial Corp.’s latest Loan Application Defect Index report. On a year-over-year measurement, last month’s... more
Black and Hispanic borrowers continued to more difficulty accessing home loans in 2016 than their white counterparts, according an analysis of Home Mortgage Disclosure Act (HMDA) data by the Center for Responsible Lending (CRL)
Black and Hispanic borrowers continued to more difficulty accessing home loans in 2016 than their white counterparts, according an analysis of Home Mortgage Disclosure Act (HMDA) data by the Center for Responsible Lending (CRL).   Using newly released 2016 HMDA data by the Federal Reserve, CRL... more