Trends

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....
Property taxes levied on single-family homes during 2016 totaled $277.7 billion, which averaged $3,296 per home and an effective tax rate of 1.15 percent, according to new statistics from ATTOM Data Solutions
Property taxes levied on single-family homes during 2016 totaled $277.7 billion, which averaged $3,296 per home and an effective tax rate of 1.15 percent, according to new statistics from ATTOM Data Solutions.   The average annual property tax for owner-occupied single family homes nationwide was $... more
the Mortgage Bankers Association (MBA) announced that its Mortgage Credit Availability Index (MCAI) increased 3.2 percent to 183.4 in March
It was another week of declining fixed-rate mortgages (FRM), according to Freddie Mac’s Primary Mortgage Market Survey (PMMS) for the week ending April 6.   The 30-year FRM averaged 4.10 percent, down from last week when it averaged 4.14 percent, while the 15-year FRM this week averaged 3.36... more
Delinquencies on closed-end loans related to housing rose during the fourth quarter of 2016, according to the latest American Bankers Association’s (ABA) Consumer Credit Delinquency Bulletin
Delinquencies on closed-end loans related to housing rose during the fourth quarter of 2016, according to the latest American Bankers Association’s (ABA) Consumer Credit Delinquency Bulletin.   Home equity loan delinquencies during the fourth quarter rose from 2.59 percent to 2.61 percent, while... more
Today’s home sellers are facing an interesting dilemma: Where can they buy a new residence
Today’s home sellers are facing an interesting dilemma: Where can they buy a new residence?   In a survey of 800 real estate agents working with the Redfin brokerage, 65.6 percent of respondents said that low inventory was the greatest challenge facing the sellers in their markets. And the homes... more