Today’s News Synopsis: The Mortgage Bankers Association reported their predictions that purchase originations will increase 10% next year. Both builder confidence and housing starts increased with starts growing by 6.5% and builder confidence at 64. Default rates on mortgages decreased to 0.89% according to the latest S & P Dow Jones Index. In …
Both Builder Confidence and Housing Starts Show Signs of Increase Read More »
Today’s News Synopsis: The Fed has finally reached a decision to not raise interest rates for this month. The NAHB reported a decrease in housing starts by 3%, putting them now at 1.126 million. Freddie Mac reported mortgage rates have not shown much change with 30-year rates at 3.91% and 15-year rates at 3.11%. …
Fed Finally Reaches Decision to Not Raise Interest Rates Read More »
Today’s News Synopsis: The Federal Reserve made the decision today that the top eight banks in the nation must comply with the minimum requirements for capital holdings if they do not want to face extra surcharges. JPMorgan Chase just reached a settlement with investors of mortgage-backed securities totaling $388 million. Home sales in …
JPMorgan Reaches Settlement Totaling $388 Million Over Mortgage-Backed Securities Read More »
Sources: Foreclosure inventory hits 8-year low FHFA Demonstrates Progress Toward Goal of Keeping At-Risk Families in Homes Builder Confidence Hits Highest Level Since November 2005 Applications for New Home Purchases Increased in June CoreLogic: Foreign buyers back off U.S. housing market Chasm developing between homeowner, appraiser opinions NY Fed: Consumers cautiously optimistic …
Today’s News Synopsis: Existing-home sales increased significantly to their highest in 6 years with the increase in homebuyers last month. However, this news has actually caused concern for people at organizations like Capital Economics as this increase in sales means totals sales increased 9% year-over-year and may not be able to increase …
Today’s News Synopsis: The NAHB reported a decrease in housing starts by 11.1%, putting them now at 1.036 million units. Mortgage debt for commercial/multifamily properties showed signs of increased growth with a 1.5% increase ($40.4 billion) in the first quarter. CoreLogic reported underwater homes are continuing to decrease, while at the same …
Underwater Homes Continue to Decrease While More Home Regain Equity Read More »
Sources: Builder Confidence Falls Two Points in May Housing Production Jumps 20.2 Percent in April Delinquencies hit lowest rate since before financial crisis California Median Home Price Soars Past $400,000 Mark – Highest Since December 2007 Mortgage rates remain largely unchanged from last week Freddie Mac: Rising rents aren’t pushing residents to homeownership Privatizing Fannie …
Today’s News Synopsis: TransUnion reported a decrease in mortgage delinquency rates, which now stand at 2.95%, the first time they have been below 3% since prior to the financial crisis. Housing starts increased 20.2% in April and now stand at 1.135 million units. Freddie Mac expects interest rates to continue to increase …
Today’s News Synopsis: Builder confidence continues to remain low despite housing starts increasing 2% last month. Many people who lost their homes during the housing crisis are not expected to purchase again soon as they continue to remain cautious with the tight credit. Home sales continue to increase, especially in California where buyers are …
Many Who Lost Homes During Housing Crisis Not Expected to Purchase Again Soon Read More »
Today’s News Synopsis: Both permits and housing starts saw a 5.7% decrease last month and now stand at 1,039,000. Foreclosures increased for the first time in five years by 4% in March according to RealtyTrac. A new program known as the Neighborhood Stabilization Pilot Program was just started by the FHFA in Illinois to help …