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Housing Starts Create Ripple Effect
The Housing Market Index from The National Association of Home Builders has been released and conveys optimism. Housing starts remain growing, which in return, creates more jobs and more money spent by consumers. Gus Faucher, senior economist at PNC Financial...
Mortgage Applications Increase 15.2%
The Mortgage Bankers Association, a national association representing the real estate finance industry stated that the seasonally adjusted purchase index grew 13% from last week. Mortgage applications have increased 15.2%, and mortgage rates have slightly grown from...
Housing Market In Recovery
According to a recent Fiserv Case-Shiller report, U.S home prices have grown 1.2% from 2011. Home prices in October 2012 increased 6.3 % from the previous year, and according to the National Association of Realtors, pending sales of existing homes rose 5.2 %. Rick...
Housing Market Drives New Automobile Sales
Truck sales are expected to increase over the next year, and the auto market is thanking the recovering housing market for the jump. Ellen Hughes-Cromwick, Ford economist said, "the beginnings of a recovery in the housing market should drive pickup sales in 2013, and...
New Rules For Future Mortgage Loans
New standards and rules have been revealed from the Consumer Financial Protection Bureau that will change future mortgage loans. The newly announced rule is based on two factors: The first factor considers the consumer's ability to repay mortgage loans and the...
More Americans Become Free Of Mortgage Debt
According to a press release from Zillow, analysts of mortgage data, almost 21 million Americans own their homes with no mortgage debt. Median home values play a fundamental part in what influences the amount of free-and-clear homeowners in many locations. Areas with...
Home Loan Requests And Mortgages Applications Grow
The housing market is staying strong as U.S home mortgage applications increase. According to The Mortgage Bankers Association the seasonally adjusted index of application activity grew 11.7 % last week. Refinancing applications increased to 12.1% and home loan...
Announcement Holds Hope for Future Mortgages
Bank Of America Corporation announced over $14 billion of legal settlements over bad mortgages the company sold to investors and flaws in its process of foreclosures. The announcement holds hope to end a loan-by-loan review of foreclosures that has been mandated by...
Home Sales Expected to Jump
Confidence among consumers continues to grow. With positive attitudes toward rental price, home price and mortgage rates, Fannie Mae is expecting home purchases to grow over the next year. Consumers do seem to carry unsettled opinions about the economy and personal...
Mortgage Rates Near All-Time Record Lows
According to Freddie Mac, last week's 30-year fixed mortgages averaged around 3.34%, which is down from the previous week when it averaged 3.35%. 15-year fixed rate mortgages last week averaged 2.64%, 0.7% down from the previous week. The 5-year Treasury-index hybrid...