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Mortgage Application Demand, Rates Unchanged From Last Week
According to the Mortgage Bankers Association's Weekly Applications Survey, the Market Composite Index, which measures total mortgage loan application volume, was relatively flat last week, rising just 0.1 percent from the previous week. The slight increase was due to...
Economy, Housing Market On Track For Growth
Freddie Mac's most recent U.S. Economic and Housing Market Outlook says the labor market is on track for an increase in job growth this year and the economy and housing market continue to make progress. According to Freddie Mac's outlook, unemployment should fall to...
Report Finds Continued Stabilization, Positive Home Price Trends
The National Association of Realtor's Home Price Monitor is a monthly review of several respected measurements of house values. The monitor tracks trends and fluctuations in prices and provides an analysis of the current environment, as well as a forecast for future...
Pending Home Sales Reach Highest Level In Two Years
According to the National Association of Realtors, pending home sales rose 4.1 percent in March and are 12.8 percent above year-before levels. Pending sales, which reflect contract signings but not closings, are now at their highest level since April 2010. Lawrence...
Market Analysis Sees Opportunity For Home Buyers
CoreLogic's MarketPulse report comes out monthly and provides analysis of the current and future economic climate and, in particular, the housing and mortgage markets. In their April report, CoreLogic's chief economist Market Fleming and senior economist Sam Khater...
Purchase Index Gains As Rates Hit New Low
According to the Mortgage Bankers Association's Weekly Applications Survey, demand for loans to purchase homes increased 2.7 percent from the previous week. But despite the gains, total mortgage loan application volume fell 3.8 percent due to a drop in refinance...
New Home Sales Up 7.5 Percent From March 2011
The U.S. Census Bureau and the Department of Housing and Urban Development's New Residential Sales Report for March 2012 shows that sales of new single-family homes are up 7.5 percent over the previous year's pace. According to the report, new home sales came in at a...
Confidence In Economy Nears Four Year High
According to the most recent results of Gallup's U.S. Economic Confidence Index, Americans' confidence in the economy is nearing a four-year high. The index is based on a survey of 3,000 individuals and gauges Americans' perception of the current economy and whether...
Existing Home Sales Up 5.2 Percent From Last Year
Sales of previously owned homes were down 2.6 percent in March but gained 5.2 percent from last year's levels. According to the National Association of Realtors, existing-home sales, which include single-family, townhomes, condominiums, and co-ops, fell to a...
Refinance Activity Surges As Mortgage Rates Drop
According to the Mortgage Bankers Association's Weekly Applications Survey, refinance activity increased 13.5 percent last week and pushed the refinance share of all mortgage activity up to 75.2 percent. The spike in refinance activity helped the Market Composite...