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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....
Nearly 70 percent of renters in the nation’s 20 largest metro areas complain that coming up with funds for a downpayment is the main reason they are not pursuing homeownership
Nearly 70 percent of renters in the nation’s 20 largest metro areas complain that coming up with funds for a downpayment is the main reason they are not pursuing homeownership.   According to a new Zillow survey, nearly half of renters said debt and qualifying for a mortgage were their main... more
More people were in pursuit of home loans, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending April 7
More people were in pursuit of home loans, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending April 7.   The Market Composite Index was up by 1.5 percent on a seasonally adjusted basis and up by three percent on an unadjusted basis from... more
MBS Highway has announced that its Chief Executive Officer Barry Habib has received the prestigious 2016 Pulsenomics Crystal Ball Award as part of the Zillow Home Price Expectations Survey
MBS Highway has announced that its Chief Executive Officer Barry Habib has received the prestigious 2016 Pulsenomics Crystal Ball Award as part of the Zillow Home Price Expectations Survey.   The Award is presented in connection with Pulsenomics survey of more than 100 of the nation's top... more
Renters will need to raise their incomes by an average of $168 a year to keep up with expected rent increases over the next 12 months
Renters will need to raise their incomes by an average of $168 a year to keep up with expected rent increases over the next 12 months, according to a new forecast from Zillow, which added that median rent prices are predicted to be $1,420 at this time next year.   In several major metros, the share... more