Trends

Home loan activity recorded no changes from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending Nov. 3
There were fewer mortgage applications being completed last week and more agreement between homeowners and appraisers on property values, according to the latest housing data.   For the week ending Dec. 8, the Mortgage Bankers Association’s Market Composite Index dropped by 2.3 percent from the... Keep Reading....
The national median price of a one-bedroom apartment was $1,040 in December, a 2.4 percent increase from January’s $1,016, according to new data from ABODO
The national median price of a one-bedroom apartment was $1,040 in December, a 2.4 percent increase from January’s $1,016, according to new data from ABODO.   Newark, N.J., recorded the greatest month-over-month increase in December, the median rent price rising by nearly 13 percent to $1,170.... more
The third quarter was a somewhat less profitable period for independent mortgage banks and mortgage subsidiaries of chartered banks, according to new data from the Mortgage Bankers Association (MBA)
The third quarter was a somewhat less profitable period for independent mortgage banks and mortgage subsidiaries of chartered banks, according to new data from the Mortgage Bankers Association (MBA).   The trade group’s latest Quarterly Mortgage Bankers Performance report found this sector of the... more
Mortgage rates were mostly down this week, according to the latest Freddie Mac Primary Mortgage Market Survey (PMMS)
Mortgage rates were mostly down this week, according to the latest Freddie Mac Primary Mortgage Market Survey (PMMS).   The 30-year fixed-rate mortgage (FRM) averaged 3.90 percent for the week ending Nov. 30, down from last week when it averaged 3.92 percent. The 15-year FRM this week averaged 3.30... more
The ongoing problems regarding shrinking inventory will see a turnaround next year, according to Realtor.com’s 2018 National Housing Forecast
The ongoing problems regarding shrinking inventory will see a turnaround next year, according to Realtor.com’s 2018 National Housing Forecast.   “Next year will set the stage for a significant inflection point in the housing shortage,” said Javier Vivas, Director of Economic Research for Realtor.... more