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Home prices are still rising, and increased levels of mortgage credit availability are helping unite borrowers with properties, according to two new data reports
Mortgage Credit Availability, Home Prices Up
Home prices are still rising, and increased levels of mortgage credit availability are helping unite borrowers with properties, according to two new data reports.   The Mortgage Bankers Association (MBA) reported a 2.5 percent increase in... Read more
The number of mortgage holders with an interest rate incentive to refinance is now at 1.86 million, 56 percent decrease from the start of the year
Interest Rate Hikes Negatively Impact Refi Sector
The number of mortgage holders with an interest rate incentive to refinance is now at 1.86 million, 56 percent decrease from the start of the year, according to new data from Black Knight Inc., which added that approximately 6.5 million... Read more
Home sales will inch up in 2019 while prices rise at a slower pace, according to a new forecast from the National Association of Realtors (NAR)
Home Sales to Rise in 2019
Home sales will inch up in 2019 while prices rise at a slower pace, according to a new forecast from the National Association of Realtors (NAR).   NAR Chief Economist Lawrence Yun expected existing-home sales will finish 2018 with 5.345... Read more
Fannie Mae reported $3.97 billion in comprehensive income during the third quarter, down from $4.4 billion in the second quarter but higher than the $3.04 billion from the third quarter of 2017
Fannie Mae Generated Nearly $4B in Q3 Income
Fannie Mae reported $3.97 billion in comprehensive income during the third quarter, down from $4.4 billion in the second quarter but higher than the $3.04 billion from the third quarter of 2017.   The government-sponsored enterprise (GSE)... Read more
National median rents in November were mostly flat, with one-bedroom units down by .08 percent from October and two-bedroom units posting a .24 percent decline, according to new data from ABODO
Median Rents Remain Mostly Flat
National median rents in November were mostly flat, with one-bedroom units down by .08 percent from October and two-bedroom units posting a .24 percent decline, according to new data from ABODO.   Boulder, Colo., recorded the greatest rent... Read more
The overall delinquency rate for U.S. commercial real estate loans in commercial mortgage-backed securities (CMBS) rose for the first time in six months—but only by a single basis point, according to new data from Trepp LLC
CMBS Delinquency Rate Inched Up
The overall delinquency rate for U.S. commercial real estate loans in commercial mortgage-backed securities (CMBS) rose for the first time in six months—but only by a single basis point, according to new data from Trepp LLC.   The CMBS... Read more
Mortgage rates took a slight dip in the latest Primary Mortgage Market Survey (PMMS) from Freddie Mac
Mortgage Rates Slightly Lower
Mortgage rates took a slight dip in the latest Primary Mortgage Market Survey (PMMS) from Freddie Mac.   The 30-year fixed-rate mortgage (FRM) averaged 4.83 percent for the week ending Nov. 1, down from last week when it averaged 4.86... Read more
Home sales in Kentucky were down in September while home prices recorded an impressive annualized growth, according to new data from Kentucky Realtors
Kentucky Home Sales Dip While Prices Rise
Home sales in Kentucky were down in September while home prices recorded an impressive annualized growth, according to new data from Kentucky Realtors.   September’s home sales in the Bluegrass State totaled 4,453 units, down 3.4 percent... Read more
Homebuying households with a newborn baby are moving into housing markets that are less expensive than where they were living before, according to a new data analysis from Zillow
Households With a New Baby Gravitate to Less Costly Markets
Homebuying households with a newborn baby are moving into housing markets that are less expensive than where they were living before, according to a new data analysis from Zillow.   On average, households with a newborn have relocated to... Read more
The national median existing single-family home price in the third quarter was $266,900, up 4.8 percent from $254,7000 in the third quarter of 2017, according to new data from the National Association of Realtors (NAR)
NAR: Median Home Prices Up 4.8 Percent
The national median existing single-family home price in the third quarter was $266,900, up 4.8 percent from $254,7000 in the third quarter of 2017, according to new data from the National Association of Realtors (NAR).   Single-family... Read more