The 30-year fixed mortgage rate increased for the seventh-consecutive week, according to new data from Freddie Mac
The 30-year fixed mortgage rate increased for the seventh consecutive week, according to new data from Freddie Mac.   The 30-year fixed-rate mortgage (FRM) averaged 4.40 percent for the week ending Feb. 22, up from last week when it averaged 4.38 percent. A year ago at this time, the 30-year FRM... Keep Reading....
Clear Capital released its Home Data Index) (HDI) Market Report with October 2013 data. Using a broad array of public and proprietary data sources, the HDI Market Report publishes the most granular home data and analysis earlier than nearly any other index provider in the industry. October 2013... more
For the fourth year in a row, the November poll hosted on the National Foundation for Credit Counseling (NFCC) Web site revealed that the overwhelming majority of consumers intend to either spend less than the previous year or nothing at all on holiday purchases. The poll began querying consumers... more
Although the housing market has shown a healthy recovery over the past two years, unnecessarily restrictive mortgage lending standards are preventing some financially qualified buyers from reaching their dreams, especially singles and first-time buyers, according to an annual study recently... more
The September Mortgage Monitor report released by Lender Processing Services Inc. (LPS) found that the majority (63 percent) of outstanding hybrid adjustable-rate mortgages (ARMs) have already reset from their initial interest rates. Within the loans that have not reset, approximately 75 percent... more