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NMP News

Fixed-Rate Mortgages Dip Back Down to 2014 Lows

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Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), showing average fixed mortgage rates falling back near their lows for 2014, as the 30-year fixed-rate mortgage (FRM) averaged 4.12 percent with an average 0.5 point for the week ending Oct. 9, 2014, down from last week when it averaged 4.19 percent. A year ago at this time, the 30-year FRM averaged 4.23 percent.Click to continue

Applications for September New Home Purchases Level Off

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The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for September 2014 shows mortgage applications for new home purchases remained unchanged relative to the previous month. The MBA estimates new single-family home sales were running at a seasonally adjusted annual rate of 425,000 units in September 2014, based on data from the BAS.Click to continue

Survey Affirms Sweet REIT Net Return

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Real estate investment trusts (REITs) received a major vote of confidence in a soon-to-be-released survey that found these vehicles generated the highest net return of all asset classes among 900 corporate and public defined benefit plans.Click to continue

HELOC Share of Total Loans Hits Highest Mark in Six Years

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The national volume of originations for home equity lines of credit (HELOCs) has reached its highest volume in five years, yet they remain roughly three-quarters below their peak year periods in 2005-2006, according to RealtyTrac’s first-ever U.S. Home Equity Line of Credit Trends Report.Click to continue

Boston Seeks 53,000 Housing Units By 2030

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In one of the most ambitious municipal housing expansion programs to be announced this year, Boston Mayor Martin J. Walsh issued a report that envisions the creation of 53,000 new housing units by 2030, with a special focus on supporting the residential needs of low- and moderate-income residents and seniors.Click to continue

New York Remains Capital of Global Real Estate Investment

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For the fourth consecutive year in a row, New York City was named the world’s largest real estate investment market, according to latest edition of Cushman & Wakefield’s Annual “Click to continue

Low and Stable Mortgage Rates Remain as QE Begins Wind Down

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Rates on the most popular types of mortgages declined for a second consecutive week according to HSH.com's Weekly Mortgage Rates Radar. The average rate for conforming 30-year fixed-rate mortgages (FRMs) fell by five basis points (0.05 percent) to 4.19 percent. Conforming 5/1 Hybrid ARM rates decreased by one basis point, closing the Wednesday-to-Tuesday wraparound weekly survey at an average of 3.22 percent.Click to continue