Posts Tagged ‘Weekly Mortgage Applications Survey’

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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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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