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NMP News

Mortgage Rates Rebound, Remain Below the Four Percent Mark

Housing Levels Rise Pic

Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), showing that average fixed-rate mortgages (FRMs) moved higher across the board this week, rebounding from the lowest rates of the year of 3.92 percent.Click to continue

New Cable Network to Focus on Real Estate


There are cable television networks that seem to cover almost every business, leisure and political pursuit. And coming in 2016, a new network will aim its cameras at the real estate world.Click to continue

Nearly $20 Billion in U.S. Mortgage Apps Scarred by Fraud

Mortgage Applications

CoreLogic has released its latest Mortgage Fraud Report, which found that at the end of the second quarter of 2014, the report shows a 3.2 percent year-over-year increase in fraud risk, as measured by the Mortgage Application Fraud Risk Index, and estimates that applications representing approximately $3.3 billion in mortgage debt contained elements of fraud or serious misrepresentations in the second quarter of 2014.Click to continue

Mortgage Apps Decline 6.6 Percent Week Over Week

Mortgage Application Pic

Mortgage applications decreased 6.6 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending Oct. 24, 2014. The Market Composite Index, a measure of mortgage loan application volume, decreased 6.6 percent on a seasonally adjusted basis from one week earlier.Click to continue Fixed-Rates Again Eclipse the Four Percent Mark

House and Money Scale

Rates on the most popular types of mortgages firmed up for the first time since mid-September, according to's Weekly Mortgage Rates Radar. In the last week, the average rate for conforming 30-year fixed-rate mortgages (FRMs) rose by three basis points (0.03 percent) to 4.04 percent. Conforming 5/1 Hybrid ARM rates also increased by three basis points, closing the Wednesday-to-Tuesday wraparound weekly survey at an average of 3.05 percent.Click to continue

Halloween Real Estate Special: Ghost Town for Sale


Now here is a real Trick-or-Treat goodie for the real estate crowd: A creepy old New England ghost town is up for sale!Click to continue

HUD Releases Two-Year Update on Hurricane Sandy Recovery


The U.S. Department of Housing & Urban Development’s (HUD) Sandy Program Management Office (PMO) has issued a report tracking progress on the Sandy Rebuilding Strategy. The Rebuilding Strategy, released by the Hurricane Sandy Rebuilding Task Force in August 2013, includes a long-term plan that guides Sandy Supplemental spending, drives regional coordination, and makes communities more resilient to future disasters.Click to continue

S&P/Case-Shiller Data Confirm Deceleration in Home Prices


Reasons to be optimistic about a return to housing vibrancy received a setback in the latest data released Tuesday by S&P Dow Jones Indices for its S&P/Case-Shiller Home Price Indices.Click to continue

Zillow: Mortgage Rates Rise Slightly, But Remain Below Four Percent Mark

For Sale/Credit: Stockbyte

The 30-year fixed mortgage rate on Zillow Mortgages is currently 3.85 percent, up four basis points from this time last week. The 30-year fixed mortgage rate hovered around 3.90 percent for most of the week, dropping to 3.77 percent Wednesday before rising to the current rate.Click to continue