Today’s News Synopsis: Low mortgage rates won’t help home buyers much. Home prices increased 7% last month as housing supply decreased by 7%. Mortgage rates increased slightly with 30-year rates now at 3.47% and 15-year rates at 2.97% In The News: Freddie Mac – “Mortgage Rates Tick Up Slightly” (2-13-2020) “Freddie Mac (OTCQB: FMCC) today released …
Refi’s Boom But Home Buyers Don’t Reap The Same Benefits Read More »
Today’s News Synopsis: Another Southern California home-price boom is cooling. Amazon’s HQ2 location search just took a surprise twist. According to Black Knight Financial Services, the increase in interest rates led to a decrease in the number of people with an interest rate incentive to refinance as well as housing in states now being less affordable …
Today’s News Synopsis: Freddie Mac reported mortgage rates have barely changed and continue to stay below 4%. 30-year rates now stand at 3.93% and 15-year rates at 3.15%. The National Association of Realtors reported existing home sales increased last month by 2% to 5.59 million. Despite this, home sales in California actually decreased …
California Home Sales Decrease 4% Despite Overall Existing Sales Increasing Read More »
Today’s News Synopsis: Ellie Mae reported a 65% increase for their revenue in the second quarter to $65.9 million, up from $40 million. Freddie Mac reported mortgage rates remained the same around 4% with 30-year rates at 3.98% and 15-year rates at 3.17%. Several bipartisan bills that would bring change to the mortgage and …
Sources: CoreLogic Price Index Up 12.4% in July Multifamily delinquency rate decline implies strong market First-Time Jobless Claims Drop to Start September Mortgage rates rise, Freddie Mac says, but jumbo loans are cheap Delinquencies Continue Decline; Highest Among Alt-A, Subprime Loans C.A.R. denounces Assembly Appropriations committee Today’s News Synopsis: Aaron Norris gives the news of …
The Norris Group Real Estate News Roundup 9/6/13 Read More »
Today’s News Synopsis: Mortgage rates are at new record lows again at 3.47% according to the latest Mortgage Bankers Association survey, although applications are up 6.2%. The Treasury, HUD and the Ad Council are seeking ways to offer hope to homeowners in crisis through their Foreclosure Prevention Assistance Public Service Advertising Campaign. Delinquency rates are …
The Norris Group Real Estate News Roundup 12/12/12 Read More »
This week Bruce Norris is joined once again by Robert Hockett. Robert teaches financial and business law subjects at Cornell Law School, where his research and writing focuses on the legal and institutional prerequisites to a just and prosperous economic order. He is also a fellow at the Century Foundation, a commissioned offer for the …
This week Bruce Norris joined once again by Lance Martin. Lance is broker/owner of Coldwell Banker Pioneer Real Estate. He has been in the business since he was 19 and is usually involved in short sales and REOs. If you look up the word short sale in 1985, Bruce said he is not sure you …
National builder consultant, author, and economist, John Burns with John Burns Real Estate Consulting joins Bruce Norris on the real estate radio podcast.
Mortgage applications dropped 2% from last week, according to the MBA. CoreLogic has developed a tool to determine whether borrowers are overstating their income. A small business tax rule has been reversed by Congress. Borrowers will no longer be excluded from 3 of the 4 Keep Your Home California programs just because they took out a home equity line of credit or did a cash-out refinance.