Trends

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....
The latest data from the S&P CoreLogic Case-Shiller Indices reported what has become the most obvious news story of the year: U.S. home prices are still rising
Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), showing the average 30-year fixed mortgage rate (FRM) moving to its highest mark since July, averaging 3.95 percent with an average 0.5 point for the week ending Nov. 16, 2017. This mark is up from last week when the... more
Refinancing activity outpaced purchase loans in the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending Nov. 10
Refinancing activity outpaced purchase loans in the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending Nov. 10.   The Market Composite Index, was up by 3.1 percent on a seasonally adjusted basis and up by two percent on an unadjusted basis from one week earlier.... more
Zillow has dusted off its crystal ball for 2018 housing market predictions
Zillow has dusted off its crystal ball for 2018 housing market predictions, and the forecast is laced with both new and ongoing trends.   Looking into the new year, Zillow predicted that the ongoing inventory shortage will persist, with more existing homeowners opting to remodel and stay in place... more
October witnessed the financial equivalent of a fall harvest for mortgage applications, according to the Mortgage Bankers Association’s (MBA) latest Builder Application Survey
October witnessed the financial equivalent of a fall harvest for mortgage applications, according to the Mortgage Bankers Association’s (MBA) latest Builder Application Survey.   Mortgage applications for new home purchases increased in October by 23 percent from September and by 16.1 percent... more