by Jim Crowder | Apr 27, 2011 | HOUSING MARKET
According to the Mortgage Bankers Association’s Weekly Applications Survey, the average contract interest rate for 30-year fixed-rate mortgages fell to 4.80 percent last week from 4.83 percent the week before. Despite the drop in rates, the Market Composite...
by Jim Crowder | Apr 26, 2011 | HOUSING MARKET
A few days ago I offered information on the Fannie Mae HomePath program. HUD/Fha and Freddie Mac offer similar progams. There are literally hundreds of thousands of homes that are owned by the Government right now and they would love to unload them. ...
by Jim Crowder | Apr 26, 2011 | HOUSING MARKET
Data through March, released by the S&P/Experian Consumer Credit Default Indices, shows mortgage defaults fell to 2.33 percent from 2.45 percent in February. It was the fourth consecutive month of declines in mortgage default rates and puts them 41 percent below...
by Jim Crowder | Apr 25, 2011 | HOUSING MARKET
According to estimates released by the U.S. Census Bureau and the Department of Housing and Urban Development, sales of new single-family houses rose 11.1 percent above the revised February rate. The better than expected increase follows three consecutive months of...
by Jim Crowder | Apr 22, 2011 | HOUSING MARKET
The FNC Residential Price Index shows national home prices remaining relatively flat in February, a month known for large seasonal price movement. The Index indicated that home values declined just 0.7 percent from the month before. The better-than-expected report...
by Jim Crowder | Apr 21, 2011 | HOUSING MARKET
Existing home sales increased 3.7 percent in March from February’s estimates, according to The National Association of Realtors. And, though sales of previously owned homes were down 6.3 percent from last year’s pace, the homebuyer tax credit led to...
