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Mortgage rates continued the 2018 trend of ascension, according to Freddie Mac’s latest Primary Mortgage Market Survey (PMMS)
Mortgage Rates Go Up, Up and Away
Mortgage rates continued the 2018 trend of ascension, according to Freddie Mac’s latest Primary Mortgage Market Survey (PMMS).   The 30-year fixed-rate mortgage (FRM) averaged 4.22 percent for the week ending Feb. 1, up from last week when... Read more
Home sellers enjoyed an average home price gain since purchase of $54,000 during the fourth quarter of 2017, up from $53,732 in the previous quarter and up from $47,133 one year earlier
Average Home Seller Profits at 10-Year High
Home sellers enjoyed an average home price gain since purchase of $54,000 during the fourth quarter of 2017, up from $53,732 in the previous quarter and up from $47,133 one year earlier, according to a new study from ATTOM Data Solutions.... Read more
The Trepp CMBS Delinquency Rate dropped again in January, as the rate has now fallen in seventh straight months
CMBS Delinquency Rate Falls Again
The Trepp CMBS Delinquency Rate dropped again in January, as the rate has now fallen in seventh straight months.   The delinquency rate for commercial real estate loans in commercial mortgage-backed securities fell to 4.83 percent in... Read more
Kentucky’s residential real estate market set new records for a third year in a row, according to data from Kentucky Realtors
Kentucky Housing Market Sales at Record High
Kentucky’s residential real estate market set new records for a third year in a row, according to data from Kentucky Realtors.   Total home sales in the Bluegrass State during 2017 reach a new high at 53,058, a 1.8 percent increase over... Read more
The final meeting of the Federal Reserve’s Federal Open Market Committee (FOMC) chaired by Janet Yellen resolved to keep rates at their current level
Fed Declines to Raise Rates
The final meeting of the Federal Reserve’s Federal Open Market Committee (FOMC) chaired by Janet Yellen resolved to keep rates at their current level.   “In view of realized and expected labor market conditions and inflation, the Committee... Read more
In what might be one of the most lopsided data studies covering the housing market, Redfin’s sixth annual list of the nation’s hottest neighborhoods placed nine of the top 10 locations in the San Jose metro area
The Hottest Neighborhoods Are Found In …
In what might be one of the most lopsided data studies covering the housing market, Redfin’s sixth annual list of the nation’s hottest neighborhoods placed nine of the top 10 locations in the San Jose metro area. And the sole non-San Jose... Read more
Mortgage application activity was on the decline in the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending Jan. 26
Mortgage Applications Down 2.6 Percent
Mortgage application activity was on the decline in the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending Jan. 26.   The Market Composite Index dropped by 2.6 percent on a seasonally adjusted basis from... Read more
Pending home sales in December were up by 0.5 percent on both a month-over-month and year-over-year measurement, according to the National Association of Realtors (NAR)
Pending Home Sales Up Slightly
Pending home sales in December were up by 0.5 percent on both a month-over-month and year-over-year measurement, according to the National Association of Realtors (NAR). This marked the third consecutive month of pending home sales... Read more
The U.S. Court of Appeals for the District of Columbia Circuit has ruled in an 8-3 judgment that the single director leadership structure of the Consumer Financial Protection Bureau (CFPB) does not violate the Constitution
Appeals Court Upholds CFPB Constitutionality
The U.S. Court of Appeals for the District of Columbia Circuit has ruled in an 8-3 judgment that the single director leadership structure of the Consumer Financial Protection Bureau (CFPB) does not violate the Constitution, overturning an... Read more
ACES Risk Management (ARMCO) has announced the release of its Mortgage QC Trends Report for the second quarter of 2017
ARMCO Reports: Critical Loan Defect Rates Increase for Third Consecutive Quarter
ACES Risk Management (ARMCO) has announced the release of its Mortgage QC Trends Report for the second quarter of 2017, reporting on loan quality findings for mortgages reviewed by ACES Audit Technology between April 1, 2017 and June 30,... Read more