Trends

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....
In what might be one of the most lopsided data studies covering the housing market, Redfin’s sixth annual list of the nation’s hottest neighborhoods placed nine of the top 10 locations in the San Jose metro area
In what might be one of the most lopsided data studies covering the housing market, Redfin’s sixth annual list of the nation’s hottest neighborhoods placed nine of the top 10 locations in the San Jose metro area. And the sole non-San Jose neighborhood on the list was in the neighboring San... more
Mortgage application activity was on the decline in the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending Jan. 26
Mortgage application activity was on the decline in the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending Jan. 26.   The Market Composite Index dropped by 2.6 percent on a seasonally adjusted basis from one week earlier, although the index was up by 12 percent... more
Pending home sales in December were up by 0.5 percent on both a month-over-month and year-over-year measurement, according to the National Association of Realtors (NAR)
Pending home sales in December were up by 0.5 percent on both a month-over-month and year-over-year measurement, according to the National Association of Realtors (NAR). This marked the third consecutive month of pending home sales increases.   NAR’s Pending Home Sales Index (PHSI) registered at... more
ACES Risk Management (ARMCO) has announced the release of its Mortgage QC Trends Report for the second quarter of 2017
ACES Risk Management (ARMCO) has announced the release of its Mortgage QC Trends Report for the second quarter of 2017, reporting on loan quality findings for mortgages reviewed by ACES Audit Technology between April 1, 2017 and June 30, 2017.   The critical defect rate increased for the third... more