Posts Tagged ‘freddie mac’

Bureau of Economic Analysis Reports 0.7% Increase in GDP in the First Quarter

April 28th, 2017

Sources: Black Knight Home Price Index Report: February 2017 Transactions U.S. New-Home Sales Unexpectedly Rise to Highest Since July Redfin Housing Demand Index Drops Amid Lower-Than-Expected Buyer Activity in March; Remains Above Three-Year Average U.S. economy bogs down in first quarter with slowest growth in 3 years, GDP shows Mortgage Rates Increase After Weeks of

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NAR Reports Decrease in Pending Homes Sales With the Pinch in the Market

April 27th, 2017

Today’s News Synopsis: Freddie Mac reported mortgage rates increased again after five weeks of decline with 30-year rates now at 4.03% and 15-year rates at 3.27%.  The National Association of Realtors reported a 0.8% decrease in pending home sales as prices are increasing and houses are becoming less readily available.

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H.R. 2148 Introduced to Help Make Rules on Lending On Commercial Real Estate Easier to Understand

April 26th, 2017

Today’s News Synopsis: More Americas are spending twice as much as before on home improvements.  Despite the housing market being its strongest its sellers, demand for housing is slowly starting to dwindle with the decrease in available inventory.  New legislation was introduced today, H.R. 2148, that was met with positive

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Redfin Reports Decrease in Latest Housing Demand Index

April 25th, 2017

Today’s News Synopsis: The Commerce Department reported an increase in new home sales to their highest in 8 months, having increased 5.8% to 621,000.  At the same time, pending home sales did not show much change for the third month in a row.  Redfin’s latest Housing Demand Index also showed

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Zillow Reports Slowest Increase in Rents Since November 2012

April 20th, 2017

Today’s News Synopsis: Mortgage rates decreased again to below 4% with 30-year rates now at 3.97% and 15-year rates at 3.23%.  Confidence in the housing market is higher as shown by the increase in home remodeling.  Zillow reported the slowest increase in rents since November 2012 in their latest Real

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Transaction Involving Prime Jumbo RMBS Increase by Twice as Much Over Past Year

April 19th, 2017

Today’s News Synopsis: A recent survey from NAHB showed out of the 75% of adults who know what career path they want, only 3% are interested in a job in construction.  Transactions involving prime jumbo residential mortgage-backed securities increased by twice as much over the past year according to Fitch

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Construction on Single-Family Homes Decreases in March By 6.8%

April 18th, 2017

Today’s News Synopsis: The latest S&P Dow Jones Indices and Experian data showed a small increase in mortgage default rates, up one basis point to .75% in March.  Construction on single-family homes decreased in March by 6.8% after showing positive numbers in February.  Bank of America reported a 40% increase

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Foreclosures for Q1 are Now Below Pre-Recession

April 13th, 2017

Sources: Vacation home sales plunged in 2016, as prices hit highest level in a decade Construction Jobs Dip Slightly Q1 2017 Foreclosure Activity Below Pre-Recession Levels Nationwide and In 47 Percent fo U.S. Markets Mortgage Rates Hit Lowest Mark of 2017 ‘Scream Queens’ Star Billie Lourd Flipping Cobalt Blue Contemporary in Santa Monica’s Sunset Park Jeremy Renner

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Following Crisis, More Lenders Wanted to Refinance Rather Than Sell

April 10th, 2017

Today’s News Synopsis: The latest celebrity to perform a real estate transaction, in this case flipping a home, is Billie Lourd, star of “Scream Queens” and daughter of the late Carrie Fisher.  Live and Invest Overseas just released their latest list of the top places overseas to buy real estate.

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Confidence in Housing Market Decreases Over Wariness in Job Market

April 7th, 2017

Sources: CoreLogic US Home Price Report Shows Prices Up 7 Percent in February 2017 Jumbo, Government Loans Drive Mortgage Credit Availability Increase in March Plenty of Beauty in U.S. Jobs Data Beneath Ugly Main Number Mortgage Rates Move Lower Afraid of a Bubble?  Buy Without Fear in These Top 10 Stable, Growing Markets What’s Old Is

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