Posts Tagged ‘Weekly Mortgage Applications Survey’

Federal Reserve Reported Continued Economic Expansion in Most of the Country

November 30th, 2016

Today’s News Synopsis: The Mortgage Bankers Association reported a 9.4% decrease in mortgage applications from last week.  The National Association of Realtors reported pending home sales increased by just 0.1%, showing people were more careful to buy before the election.  The Federal Reserve reported continued economic expansion in most of

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New Home Sales Decreased 1.9% to 536,000 in October

November 23rd, 2016

Sources: Cash Sales Accounted for 31 Percent of All Home Sales in August Existing home sales hit nearly 10-year high Blue state buyers swing to red state rentals Modest Economic Growth Expected Despite Legislative and Regulatory Uncertainty CFPB asks full court to rehear constitutionality case Will Donald Trump Be Good for Home Prices? Today’s News Synopsis: Aaron

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San Francisco Put Limit on Airbnb Rentals to 2 Months

November 16th, 2016

Today’s News Synopsis: San Francisco just put a limit to how long rooms can be rented out through Airbnb at 2 months.  The Mortgage Bankers Association reported a 9.2% decrease in mortgage applications from last week.  The NAHB reported homebuilder sentiment at 63, up slightly from last month. In The News: CNet –

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84 Employees of Goldman Sachs Have Just Been Named Their New Partners

November 9th, 2016

Today’s News Synopsis: The Mortgage Bankers Association reported a 1.2% decrease in mortgage applications from last week.  A new multifamily K-Deal was just pricced by Freddie Mac at $1.2 billion.  84 employees of Goldman Sachs have just been named their new partners, the most in 6 years. In The News: Mortgage Bankers

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First Sale on a Vacant Loan Made by HUD this Week

November 2nd, 2016

Today’s News Synopsis: The Mortgage Bankers Association reported a 1.2% decreased in applications from last week.  The Federal Reserve continues to hint at an increase in interest rates, even as early as next month.  The first sale on a vacant loan was made by HUD this week, a loan known

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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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