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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....
The latest data from the S&P CoreLogic Case-Shiller Indices reaffirmed what has become the obvious news story of the mortgage industry: home prices are still rising
The latest data from the S&P CoreLogic Case-Shiller Indices reaffirmed what has become the obvious news story of the mortgage industry: home prices are still rising.   The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index reported a 6.2 percent annual gain in November, up from 6... more
Real house prices in November increased 0.5 percent from October and increased five percent year-over-year
Real house prices in November increased 0.5 percent from October and increased five percent year-over-year, according to data from First American Financial Corp. Unadjusted house prices increased by six percent in November on a year-over-year basis and are 6.3 percent above the housing boom peak in... more
Home prices reached yet another record high in November by averaging at $238,000, according to new data from Black Knight Inc.
Home prices reached yet another record high in November by averaging at $238,000, according to new data from Black Knight Inc.   November’s record price was up 0.27 percent from October and up 6.44 percent year-over-year. November also marked the 67th consecutive month of annual appreciation.   Ten... more
The near-term future for the housing market is mostly healthy, announced Mortgage Bankers Association (MBA) Chief Economist Mike Fratantoni, although some troubling issues have yet to abate
The near-term future for the housing market is mostly healthy, announced Mortgage Bankers Association (MBA) Chief Economist Mike Fratantoni, although some troubling issues have yet to abate.   "We expect this growth to continue over the next few years," said Fratantoni at the MBA Independent... more