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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 bad news on the monthly pending home sales front and mildly bad news on the weekly mortgage applications front
There was bad news on the monthly pending home sales front and mildly bad news on the weekly mortgage applications front.   The National Association of Realtors’ Pending Home Sales Index (PHSI) reached 106.3 in August, a 2.6 percent decline from both the previous month and the previous year. This... more
Millennials are finding their efforts to become homeowners stymied by financial pressures, according to a new data analysis released by Zillow
Millennials are finding their efforts to become homeowners stymied by financial pressures, according to a new data analysis released by Zillow.   Although this demographic spent approximately $514 billion last year in the housing market, 53 percent of Millennial buyers needed to make multiple... more
A new survey has concluded that then it comes to researching mortgages, Millennials prefer the D.I.Y. aspect of the online world, while Baby Boomers prefer to communicate with people
A new survey has concluded that then it comes to researching mortgages, Millennials prefer the D.I.Y. aspect of the online world, while Baby Boomers prefer to communicate with people.   According to the survey, "The Digital Mortgage Experience: A Study of Shifting Borrower Expectations," from Los... more
Thousands of potential homeowners fail to pursue the American Dream due to confusion over the homebuying process, according to the fifth annual America at Home survey from NeighborWorks America. The new survey found that the average Millennial believed that the minimum required down payment is 21... more