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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....
Mortgage rates recorded mixed results in the latest Primary Mortgage Market Survey (PMMS) released by Freddie Mac
Mortgage rates recorded mixed results in the latest Primary Mortgage Market Survey (PMMS) released by Freddie Mac.   The 30-year fixed-rate mortgage (FRM) averaged 3.92 percent for the week ending Nov. 22, down from last week when it averaged 3.95 percent. A year ago at this time, the 30-year FRM... more
The national median home value during October reached $203,400, which is $12,500 or 6.5 percent higher than it was one year ago, according to new data from Zillow
The national median home value during October reached $203,400, which is $12,500 or 6.5 percent higher than it was one year ago, according to new data from Zillow.   The spike in median home value is being attributed to a low inventory. Zillow determined that there were 11.7 percent fewer homes for... more
While the nation was getting ready in advance of this week’s Thanksgiving holiday, mortgage application activity managed to record a very slight rise
While the nation was getting ready in advance of this week’s Thanksgiving holiday, mortgage application activity managed to record a very slight rise.   According to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending Nov. 17, the Market Composite... more
Existing-home sales increased in October to their strongest pace since earlier this summer, according to new data from the National Association of Realtors (NAR)
Existing-home sales increased in October to their strongest pace since earlier this summer, according to new data from the National Association of Realtors (NAR).   October’s sales data recorded a two percent rise to a seasonally adjusted annual rate of 5.48 million from a downwardly revised 5.37... more