Mortgage Rates Increase

According to Freddie Mac, mortgage rates have increased. A recent survey reported that mortgage lenders have been offering 30-year fixed-rate loans at an average of approximately 3.51% showing signs of a more stable economy. Consumer retail sales grew in April when...

Housing Market Confidence Jumps 3 Points

According to the National Association of Home Builders index,  housing market confidence has increased 3 points from April to May averaging around 44 points. The chairman of the building association,  Rick Judson said, “builders are noting an increased...

Mortgage Applications Up 10% From Last Year

Mortgage applications fell slightly last week from the previous week as home purchase filings and refinancing slowed down. According to the Mortgage Bankers Association, mortgage applications decreased by 7.3%, but experts suggest that many times after a boost in...

U.S. Housing Affordability Hits High Levels

According to the National Association of Realtors, United States housing affordability has increased to historically high levels in 2013’s first quarter. 73.7% of new and existing homes sold in the first three months of the year were considered affordable for...