Blog
Home Prices Jump In Many Metropolitan Areas
According to the National Association of Realtors, many metropolitan areas are experiencing strong year-over-year home price increases. The median single-family existing home price jumped in 73% of the measured markets. Approximately 119 metropolitan areas experienced...
Housing Market Still Recovering From Recession
The housing market has made significant strides toward recovery since the recession, but experts say there is still room for improvement. Home prices have slightly increased according to the S&P Case-Shiller home price index. Sales of existing homes fell from...
Mortgage Application Activity Increases
Mortgage applications in the United States have continued to increase. Last week, The Mortgage Bankers Association stated that their seasonally adjusted index of mortgage application activity jumped 0.4%, averaging 405.2 in the last week of January. Interest...
Reverse Mortgage Endorsements Increase
Reverse mortgage endorsements have picked up speed this year according to Reverse Market Insight. Last month, reverse mortgage volume increased 19.8%, averaging 5,061 loans, the highest average seen since August 2013. According to data, reverse mortgage activity...
Mortgage Rates Fall From Last Week
Mortgage rates fell this week from last week as new housing data was revealed. The 30-year fixed-rate mortgage averaged approximately 4.23%, down 0.10% from the previous week. The 15-year fixed-rate mortgage averaged 3.33%, down from 3.4% that was reported last week....
Mortgage Costs Fall
Mortgages costs fell this week, and according to data from Fannie Mae, Freddie Mac, and Ginne Mae, it could be due to a recent increase in agency mortgage bonds last week. Experts say that bond values are ascending due to the falling long-term Treasury rates, helping...
Report Suggests It’s A Great Time To Flip Houses
House flipping jumped last year, averaging a 16% increase from 2012, and a significant 114% jump from 2011 according to RealtyTrac's year-end 2013 Home Flipping Report. Last year 156,862 homes were purchased, flipped and sold within a six month time frame. Data shows...
Home Equity Among Seniors Rises
According to new data released by the National Reverse Mortgage Lenders Association and Riskspan, home equity among seniors has improved over the last few years, and hit a five-year high in the third quarter of last year. Total home equity among seniors jumped 3.4%,...
Foreclosure Sales Hit Three Year High
Foreclosure sales and short sales made up approximately 16.2% of residential sales in the United States last year, according to RealtyTrac's 2013 U.S. Residential and Foreclosure Sales Report. That percentage is up 14.5% from 2012, and up 15.2% from what was reported...
ARMs Gain In Popularity
According to the 30th annual ARM Survey released by Freddie Mac, ARM initial-period rates have jumped from the previous year but are still considered historically low. Adjustable-rate mortgages have grown more popular as rates on 30-year fixed-rate mortgages have...