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Average mortgage rates were on the rise after several weeks in decline, according to Freddie Mac’s Primary Mortgage Market Survey (PMMS) for the week ending April 26
Average mortgage rates were on the rise after several weeks in decline, according to Freddie Mac’s Primary Mortgage Market Survey (PMMS) for the week ending April 26.   The 30-year fixed-rate mortgage (FRM) averaged 4.03 percent, up from last week when it averaged 3.97 percent. The 15-year FRM this... Keep Reading....
Home loans for purchases increased to from 57 percent of all mortgage activity in February to 63 percent in March
Home loans for purchases increased to from 57 percent of all mortgage activity in February to 63 percent in March, according to the latest Origination Insight Report released by Ellie Mae. While this occurred, refinance activity declined from 43 percent in February to 37 percent in March.   Ellie... more
Potential existing-home sales in March decreased to a 5.5 million seasonally adjusted, annualized rate (SAAR), a 1.5 percent drop from February
Potential existing-home sales in March decreased to a 5.5 million seasonally adjusted, annualized rate (SAAR), a 1.5 percent drop from February, according to new data from First American Financial Corp. On a year-over-year basis, the market potential for existing-home sales grew by 0.6 percent... more
Home lending activity was on the decline again for the week ending April 17
Home lending activity was on the decline again for the week ending April 17, according to the latest Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey.   The Market Composite Index dropped by 1.8 percent on a seasonally adjusted basis and by two percent on an unadjusted basis... more
Single-family housing starts in March were at a rate of 821,000, which is 6.2 percent below the revised February figure of 875,000
Single-family housing starts in March were at a rate of 821,000, which is 6.2 percent below the revised February figure of 875,000, according to new data from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.   Privately-owned housing starts in March were at a... more