Primary Mortgage Market Survey

Where Will Amazon’s Second Headquarters Be? Might Depend on the Health of that Market

Today’s News Synopsis: 19 cities in the U.S. are in the running for being the second location for Amazon’s second headquarters, and they are all being ranked based on the health of market and quality of life of their homebuyers.  Mortgage rates increased slightly this week with 30-year rates now at 4.56% and 15-year rates …

Where Will Amazon’s Second Headquarters Be? Might Depend on the Health of that Market Read More »

Is It Taxes, House Prices…Are You Mad At Me?

Today’s News Synopsis: Hey Californians. Where you going?  The NAHB reported builder confidence for the 55+ housing market continued to stay strong in the first quarter at 71.  ATTOM Data Solutions released their latest report on home equity and underwater properties, showing they were down 291,000 from last year while equity growth was slower. In …

Is It Taxes, House Prices…Are You Mad At Me? Read More »

Nearly 2 Million People STILL Owe More Than Their House Is Worth

Today’s News Synopsis: Why do underwater homeowners keep paying the mortgage?  Mortgage rates increased to their highest this year with 30-year rates now at 4.47% and 15-year rates at 3.94%.  Home prices saw their biggest increase in four years, having increased 8.9%. In The News: Realtor.com – “What’s Holding Back New Home Construction?  There’s No …

Nearly 2 Million People STILL Owe More Than Their House Is Worth Read More »

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 »

Americans Taking a Cue From Mongolians For Affordable Housing

Today’s News Synopsis: More Americans are saving money on homes by designing their own versions of Mongolian tents.  According to Freddie Mac, apparently both the millennials and Gen Xers are currently not interested in owning home.  The amount of mortgage credit available decreased last month by 1.5% to 177.9 in March. In The News: USA …

Americans Taking a Cue From Mongolians For Affordable Housing Read More »

Scroll to Top