Posts Tagged ‘Weekly Mortgage Applications Survey’

Hud and Census Bureau Report 9% Decrease in Housing Starts for September

October 19th, 2016

Today’s News Synopsis: HUD and the Census Bureau reported a 9% decrease in housing starts for the month of September.  The Mortgage Bankers Association reported mortgage applications increased 0.6% from last week.  In a surprising story, the group that is contributing greatly to the housing market is millennials. In The News: Wall

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Non-performing Loans Totaling $1 Billion Sold By Freddie Mac

October 5th, 2016

Today’s News Synopsis: The Mortgage Bankers Association reported a 2.9% increase in mortgage applications according to their latest survey.  Non-performing loans totaling $1 billion were just sold by Freddie Mac, most bought by private investors with whom they worked.  In light of the recent scandals with big banks, the Federal

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Janet Yellen and Fed Investigating Big Banks After Accusations Arise Against Wells Fargo

September 28th, 2016

Today’s News Synopsis: Mortgage applications decreased by 0.7% as a result of a decrease in refinancing.  The American Institute of Architects released their latest researched showing what kind of special function rooms consumers prefer, the top being outdoor living spaces, mud rooms, and home offices.  Following accusations against Wells Fargo

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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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