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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 prices the nation’s major metros have increased out of the reach of many working Americans, according to a new data analysis by Trulia
Home prices the nation’s major metros have increased out of the reach of many working Americans, according to a new data analysis by Trulia.   “Nationally, the typical American worker makes $37,040 annually (national median income) while the typical American house costs $254,900 (national median... more
Home prices increased last month by 7.5 percent to a median sale price of $273,000
If you needed more evidence that home prices are still soaring, the latest data from Redfin confirms just that: Home prices increased last month by 7.5 percent to a median sale price of $273,000. On a year-over-year basis, prices were up 8.9 percent. However, the number of homes for sale plummeted... more
Mortgage applications for new home purchases in March were up by 23 percent from February and increased 6.7 percent compared to March 2016
Mortgage applications for new home purchases in March were up by 23 percent from February and increased 6.7 percent compared to March 2016, according to the latest Mortgage Bankers Association (MBA) Builder Application Survey.   The MBA estimated new single-family home sales were at a seasonally... more
The gap between homeowner and appraiser estimates on the value of residential property became greater, according to new data from Quicken Loans
The gap between homeowner and appraiser estimates on the value of residential property became greater, according to new data from Quicken Loans.   During March, average appraisals were 1.77 percent below what homeowners expected. This is the fourth consecutive month that homeowner estimates and... more