by Jim Crowder | Jan 30, 2014 | HOUSING MARKET
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...
by Jim Crowder | Jan 29, 2014 | HOUSING MARKET
According to newly released data, U.S. home prices increased from November to December by 0.3% and 8.5% from one year prior. The average November home price was up approximately $18,000 from November 2012, averaging $232,000. The state of Florida led the U.S. in...
by Jim Crowder | Jan 28, 2014 | HOUSING MARKET
Previously owned home sales jumped last month for the first time in approximately five months, making 2013 the best year for home sales since 2006. Data suggests that the housing market is beginning to adjust to higher borrowing costs. According to the National...
by Jim Crowder | Jan 27, 2014 | HOUSING MARKET
Boston College for Retirement Research found through a recent study that many older Americans are deciding to work longer and put off retirement due to large debt, particularly caused by mortgages. For those Americans who cannot continue to work because of disability...
by Jim Crowder | Jan 24, 2014 | HOUSING MARKET
American unemployment benefit claims increased marginally last week, but experts say that the labor market is continuing to improve. According to the Labor Department, initial state claims slightly increased to a seasonally adjusted rate of 326,000. The claims report...
by Jim Crowder | Jan 23, 2014 | HOUSING MARKET
Mortgage applications have increased according to the Mortgage Bankers Association’s weekly report while mortgage rates continue to fall. The (MBA) stated that the seasonally adjusted composite index increased 4.7%, and the seasonally adjusted purchase index...
