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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....
Mortgage delinquency rates have hit an 11-year low, according to new data from CoreLogic
Mortgage delinquency rates have hit an 11-year low, according to new data from CoreLogic.   During August, 4.6 percent of all mortgages were in some stage of delinquency, a 0.6 percent drop from one year earlier when the level was 5.2 percent. At the same time, the foreclosure inventory rate was 0.... more
After nearly five years as the nation’s least affordable housing market, San Francisco passed its pricey crown to Los Angeles in the third quarter edition of the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index
After nearly five years as the nation’s least affordable housing market, San Francisco passed its pricey crown to Los Angeles in the third quarter edition of the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index.   During the third quarter, only 9.1 percent of the... more
Average mortgage rates were down slightly in the latest Freddie Mac data
Average mortgage rates were down slightly in the latest Freddie Mac data.   The 30-year fixed-rate mortgage (FRM) averaged 3.90 percent for the week ending Nov. 9, down from last week when it averaged 3.94 percent. A year ago at this time, the 30-year FRM averaged 3.57 percent.   The 15-year FRM... more
The median home will be worth $6,275 more a year from now, according to new data released by Zillow
The median home will be worth $6,275 more a year from now, according to new data released by Zillow, which also forecasts that the average buyer will need to save an additional $105 a month, or $1,260 total over the next year, to account for the future costs of a 20 percent downpayment.   In the... more