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)
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
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
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
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
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
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,
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
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.
The Norris Group 1845 Chicago Avenue, Ste C, Riverside, CA 92507
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Phone: (951) 780-5856
Fax: (951) 780-9827
Location: 1845 Chicago Avenue, Ste. C Riverside, CA 92507
