by Jim Crowder | May 31, 2013 | HOUSING MARKET
According to the Mortgage Bankers Association, mortgage interest rates have increased to the highest levels seen in the past year and are expected to continue to increase as the economy grows. Although mortgage rates still remain low, 30-year fixed rate mortgages for...
by Jim Crowder | May 30, 2013 | HOUSING MARKET
New data released from CoreLogic shows the number of foreclosed homes has remained unchanged from March to April. Both months had approximately the same amount of completed foreclosures, averaging around 52,000. Although foreclosures have not fallen continuously from...
by Jim Crowder | May 29, 2013 | HOUSING MARKET
New home sales jumped in April to the 2nd highest level since mid-2008. Meanwhile, the median price of new homes hit a record high, rising 8.3% from March 2012 and averaged around $271,600. Additionally, according to the Commerce Department, new home sales...
by Jim Crowder | May 28, 2013 | HOUSING MARKET
According to Trulia, a real estate website, home prices in popular travel and vacation areas are up. On May 1st, the recorded median asking price for homes in vacation areas increased 1% from 2012. Vacation home sales are not rebounding as quickly as homes in other...
by Jim Crowder | May 24, 2013 | HOUSING MARKET
Home prices continue to rise increasing 1.9% from the previous quarter. According to the Federal Housing Finance Agency, May has marked the seventh consecutive quarterly price rise in the purchase-only, seasonally adjusted index rate. From the first quarter of 2012 to...
by Jim Crowder | May 23, 2013 | HOUSING MARKET
According HSH’s Weekly Mortgage Rates Radar, mortgage rates have inched up from last week. 30-year fixed-rate mortgages rose 0.07% from last week, averaging 3.68% this week while conforming 5/1 Hybrid Adjustable Rate Mortgage rates also jumped 3 basis points...
