Posts Tagged ‘Weekly Mortgage Applications Survey’

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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More Foreign Investors Leaving Real Estate Market

July 6th, 2016

Today’s News Synopsis: In the wake of Brexit, refinance applications increased 14.2% from last week, their highest increase in 18 months.  A new, more up-to-date forecast of the commercial/multfiamily real estate market was released by the MBA, putting them both at about $500 billion this year.  More foreign investors are

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Freddie Mac Reports Strong Decrease in Mortgages Rates With Recent Brexit News

June 30th, 2016

Today’s News Synopsis: Freddie Mac reported a strong decrease in mortgage rates in the wake of the Brexit news with 30-year rates now at 3.48% and 15-year rates at 2.78%.  Construction on hotels is the highest in the U.S. above all other countries at 4,471 planned projects.  Congress announced they

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Number of One-Person Firms in the Construction Industry Totals 2 Million

June 15th, 2016

Today’s News Synopsis: The Mortgage Bankers Association reported a 2.4% decrease in mortgage applications from last week.  The NAHB reported the number of one-person firms in the construction industry totals over 2 million.  Republicans in the House of Representatives revealed their plan yesterday to replace Dodd-Frank as well as help

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Despite All Odds, Existing-Home Sales Continue to Increase

June 1st, 2016

Today’s News Synopsis: Despite all odds, existing-home sales are continuing to show positive signs of increase, having risen 1.7% to 5.45 million.  Many housing advocacy groups and stakeholders in the industry are urging FHFA director Mel Watt to bring more changes to housing finance reform.  Mortgage applications decreased 4.1% according

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Home Prices Increasing at Faster Rate With Shortage of New Homes

May 25th, 2016

Today’s News Synopsis: The MBA reported a 2.3% increase in mortgage purchase applications while refis continue to remain about the same.  Home prices are increasing at a faster rate due to the shortage of supply of new homes.  Nonprime loans are making a comeback since the crash, contributing to further

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List of Top 25 Cities for Finding a Job Just Released

May 18th, 2016

Today’s News Synopsis:   The Mortgage Bankers Association reported a 1.6% decrease in mortgage applications from last week.  Glassdoor Inc. released a list of the top 25 cities where it might be easier finding a job.  Trump said if he were elected president, he has plans to do away with Dodd-Frank.   In

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Mortgage Write-Offs at $9.5 Billion, their Lowest in 9 Years

May 11th, 2016

Today’s News Synopsis:   Mortgage applications increased but not by much at 0.4% according to the Mortgage Bankers Association.  The White House announced plans today to focus on building more communities that will hold up better against difficult life circumstances.  The latest Equifax National Consumer Credit Trends Report showed mortgage write-offs to

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Bank of America Settles With FHL Bank of Des Moines Over Mortgage Complaints

May 4th, 2016

Today’s News Synopsis:   Home prices are showing a steady upward trend and have almost halfway recovered.  A lawsuit between Bank of America and FHL Bank of Des Moines regarding mortgage complaints has been settled.  The latest survey from the Mortgage Bankers Association shows a 3.4% decrease in mortgage applications and

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