How Low Can Mortgage Rates Go?
Today’s report from Freddie Mac on mortgage rates continues the trend of ever-declining interest costs. The interest rate on a 30-year fixed-rate mortgage fell to an average of 3.37% for the week, just 0.01%…
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Newest first · Page 167Housing Starts at Four-Year High
New housing starts in September soared to an annual seasonally adjusted rate of 872,000, an increase of 15% from the revised August rate of 758,000 and a gain of 34.8% above the September 2011…
Mortgage Applications Down, Rates Up Slightly
The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications this morning, noting a drop of 4.2% in the group’s seasonally adjusted composite index compared with last week’s decrease of 1.2%. Unadjusted,…
Home Builders’ Confidence at Six-Year High (KBH, LEN, ITB)
The National Association of Homebuilders (NAHB)/Wells Fargo housing market index rose 1 point in October, to 41, the highest index reading since June 2006. An index reading below 50 indicates that more builders view…
Housing Prices at 20-month High
U.S. home prices rose for the sixth consecutive month in August, to a 20-month high according to real estate information provider FNC Inc. In the country’s 100 largest metropolitan areas, home prices rose at…
Fitch Sees Less Robust Housing Growth in 2013
Fitch Ratings has a call on an improving outlook of the U.S. housing market. The report, titled “U.S. Homebuilding/Construction: The Chalk Line Fall 2012,” talks about the gains being sustained with positive reports on…
Housing Market Recovery Here to Stay
The recent recovery in home sales and prices is “more durable” than previous blips in the housing market, according to the latest MarketPulse Report from CoreLogic (NYSE: CLGX). In its October report, the analytics…
U.S. Foreclosures at a Five-Year Low
A new RealtyTrac report says foreclosure filings on U.S. homes in September fell to their lowest level in five years, though foreclosures continued to rise in some states. The decrease as driven largely by…
Mortgage Applications Declined Slightly Last Week
The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications this morning, noting a drop of 1.2% in the group’s seasonally adjusted composite index compared with last week’s increase of 16.6%. Applications…
Wells Fargo Drags Down BofA in Mortgage Certification Fraud Case
Wells Fargo & Co. (NYSE: WFC) is under pressure on yet one more case against it from the financial crisis. The Manhattan U.S. Attorney’s office has filed a mortgage fraud lawsuit against Wells Fargo…
Shadow Inventory of Homes Continues to Slide
In July of this year, the shadow inventory of U.S. homes declined by 10.2% to 2.3 million units, from 2.6 million units in July 2011. Shadow inventory refers to the number of properties that…
The Best Cities to Flip a House
House flipping’s status as an aspirational American pastime took some hits during the recession but, like disco or SUVs, it has never gone extinct. On the contrary, it is back with a vengeance. Cable…
Mortgage Rates Fall to Record Lows
Freddie Mac said today that mortgage rates fell to record lows for the second week in a row. The 30-year fixed-rate mortgage averaged 3.36%, with an average 0.6 point for the week ended Oct.…
Mortgage Applications Rise to Three-Year High
The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications this morning, noting an increase of 16.6% in the group’s seasonally adjusted composite index compared with last week’s total. Applications for refinancing…
Zillow Dives After Disclosing SEC Inquiry
Real estate web site Zillow Inc. (NASDAQ: Z) revealed today that it received a letter from the SEC asking the company to answer questions on the way it reported revenue. In particular, the SEC…