New Home Purchase Mortgage Applications

With So Many Working From Home, How Many Will Stay There?

Today’s News Synopsis: It’s the end of the office as we know it.  New home purchase mortgage applications increased by 21.2% for the month of March.  How are American’s planning on spending their coronavirus relief checks? In The News: HousingWire – “Reverse mortgages get second look amid coronavirus chaos” (4-14-2020) “At a time when the stock …

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Americans Higher Up In The Income Spectrum Feeling The Pinch

Today’s News Synopsis: Hey, middle class, the housing crisis is coming for you next.  Mortgage rates continue to hold steady with 30-year rates at 3.82% and 15-year rates at 3.26%.  What were the hottest real estate markets for May 2019? In The News: Freddie Mac – “Mortgage Rates Hold Steady” (6-13-2019) “Freddie Mac (OTCQB: FMCC) today …

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500 Credit Scores? Foreclosure? Late Payments? It’s Cool, They’re Going To “Properly Underwrite Them”???

Today’s News Synopsis: Don’t call them subprime mortgages.  ATTOM Data Solutions reported a 19% decrease in foreclosure activity in the first quarter of this year.  New home purchase applications decreased 2.6% year-over-year according to the Mortgage Bankers Association. In The News: ATTOM Data Solutions – “U.S. Foreclosure Activity Decreases 19 Percent in Q1 2018 to …

500 Credit Scores? Foreclosure? Late Payments? It’s Cool, They’re Going To “Properly Underwrite Them”??? Read More »

25 Solutions From A Builder’s Perspective

Today’s News Synopsis: Is the California Housing Crisis fixable?  The amount of homes sold that were above the asking price was almost 25%.  According to the latest Primary Mortgage Market Survey from Freddie Mac, mortgage rates increased again with 30-year rates now at  3.99% and 15-year rates at 3.44%. In The News: CNBC – “Citigroup …

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Realtor.com’s Latest List Shows the Best and Worst Places For First-Time Buyers to Purchase

Today’s News Synopsis: Big day for homes.  The latest home sales and price report from the California Association of Realtors showed existing home sales increased 3.3% month-over-month and 2.4% year-over-year in June.  Meanwhile, the median price was up 0.9% month-over-month and 7% year-over-year.  The Mortgage Bankers Association reported a 10% increase in new home purchase …

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