by Jim Crowder | Apr 17, 2014 | HOUSING MARKET
According to the Mortgage Bankers Association, mortgage applications jumped by 4.3% this week, making this the first increase in four weeks. The Market Composite index increased 4.3%; the Refinance Index rose 7%, and the refinance share of mortgage activity jumped to...
by Jim Crowder | Apr 16, 2014 | HOUSING MARKET
Average fixed-rate mortgages declined this week in the United States, according to Freddie Mac. The national average 30-year loan decreased 0.7% averaging 4.34% while the national average 15-year mortgage fell 0.9% averaging 3.38%. Home prices are expected to...
by Jim Crowder | Apr 15, 2014 | HOUSING MARKET
According to Fitch Ratings’ annual U.S. CMBS loan default study, commercial mortgage backed securitization defaults fell for the fourth year in a row, decreasing to the lowest level seen in six years. The study found that apartment availability is also...
by Jim Crowder | Apr 14, 2014 | HOUSING MARKET
Reverse mortgage and elder law experts are saying that many children of parents who are considering a reverse mortgage are openly opposed to the idea, and influence their parents to decline the option. Experts say it is logical for children to be concerned with their...
by Jim Crowder | Apr 11, 2014 | HOUSING MARKET
According to the latest Primary Mortgage Market Survey released by Freddie Mac, mortgage rates have fallen slightly. The national average 30-year fixed-rate mortgage fell 0.7% from last week, averaging 4.34% this week. The national average 15-year, fixed-rate mortgage...
by Jim Crowder | Apr 10, 2014 | HOUSING MARKET
Housing market inventory has increased for the first time in four years, and home prices continue to rise. A new report found that the median price per square foot jumped 7.1% from March 2013, and increased 23.2% from 2012. Many markets are experiencing a...
