Posts Tagged ‘Weekly Mortgage Applications Survey’

Fed Has Decided Not to Raise Interest Rates….For Now

September 21st, 2016

Today’s News Synopsis: The Mortgage Bankers Association reported that even in the midst of mortgage-backed securities decreasing, mortgage debt for commercial and multifamily properties continues to increase.  The Federal Reserve has decided not to increase interest rates at this time, although the debate is not over yet as they are

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Lack of Homes For Sale Resulting in Lower Home Ownership than Expected

September 14th, 2016

Today’s News Synopsis: Buyer sentiment is at a standstill and ownership is surprisingly not as high as one would think despite low interest rates and increased jobs.  NAR revealed one of the responsible factors is the lack of homes available sale.  At the same time, housing growth in big cities

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Fannie Mae Releases Latest Home Purchase Sentiment Index, Which Decreased Only Slightly

September 7th, 2016

Today’s News Synopsis: Fannie Mae released their latest home purchase sentiment index, which decreased 1.5 points but overall continues to show promise.  Many analysts, including those at FBR & Co, see the mortgage market continuing to grow and believe it will be above $2 trillion this year.  The Federal Reserve

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Real Estate To Be Given Its Own Sector Starting Tomorrow

August 31st, 2016

Today’s News Synopsis: In a big story, starting tomorrow real estate will have its own sector, given by the S&P Dow Jones Indices and MSCI.  The National Association of Realtors released their latest Pending Home Sales Index for July, showing pending sales at 111.3, a 1.3% increase.  Prices for homes in

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Airbnb May be Prevented From Doing Short-Term Rentals

August 24th, 2016

Today’s News Synopsis: The Mortgage Bankers Association reported a 2.1% decrease in mortgage applications from last week.  Existing-home sales also declined last month by 3.2% according to the National Association of Realtors.  Airbnb may be facing some changes as local governments are attempting to pass new rules that will prevent

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Feds Still Torn on Decision to Raise Rates

August 17th, 2016

Today’s News Synopsis: The California Association of Realtors reported a decrease in existing-home sales for July, down 4.1% month-over-month and 5.1% year-over-year.  The Mortgage Bankers Association reported a 4% decrease in mortgage applications despite mortgage rates being at their lowest on record.  Federal Officials are still torn on the decision

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Non-Performing Loans to be Sold Off by Fannie Mae This Week

August 10th, 2016

Today’s News Synopsis: The Mortgage Bankers Association reported a 7.1% increase in mortgage applications from last week.  Fannie Mae just announced they will be selling off a large amount of non-performing loans, a small portion of these loans being community impact pools.  China has shown less of an interest in

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ADP and Moody’s Analytics Shows 179,000 Jobs Added by Private Companies

August 3rd, 2016

Today’s News Synopsis: The Mortgage Bankers Association reported a 3.5% decrease in mortgage applications from last week.  The latest reports from ADP and Moody’s Analytics showed more jobs were added by private companies than was forecasted at 179,000 compared to 170,000.  A new proposal by the County Council would prohibit

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Fannie Mae Says Interest Rate Hike Won’t Be Until June 2017

July 20th, 2016

Today’s News Synopsis: Fannie Mae said it will likely not be until June of next year when we see an increase in interest rates.  The Mortgage Bankers Association reported a 1.3% decrease in mortgage applications from last week.  Freddie Mac reported those 55 and older, which make up 1/4 of

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Communities Centered on the Farm Becoming More Popular for Homebuyers

July 13th, 2016

Today’s News Synopsis: The Mortgage Bankers Association reported a 7.2% increase in mortgage applications.  The main group right now not interested in purchasing a home is millennials still paying their student debt.  Interestingly, a popular site now for a lot of home-buyers are those centered on the farm. In The News: Mortgage

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