by Jim Crowder | Jul 15, 2013 | HOUSING MARKET
Wells Fargo and JPMorgan Chase recorded large profits last quarter that exceeded earnings from the second quarter in 2012. JPMorgan saw a 12% increase in originations, averaging $49 billion while Wells Fargo reported $112 billion in originations. Although profits are...
by Jim Crowder | Jul 12, 2013 | HOUSING MARKET
30-year fixed rate mortgages jumped to the highest level seen since around mid-2011, averaging 4.51%, up 0.22% from last week according to Freddie Mac. Meanwhile, the 15-year rate mortgage also grew 0.14% from last week, averaging approximately 3.53%. Experts suggest...
by Jim Crowder | Jul 11, 2013 | HOUSING MARKET
According to Freddie Mac, mortgage rates remain low when compared to rates in the past. In the 1980’s mortgage rates averaged around 10%. Rates now are hovering around 4.30%. Trulia took a survey in an attempt to find what the main worry was for Americans...
by Jim Crowder | Jul 10, 2013 | HOUSING MARKET
Foreclosure rates continue to decrease in the United states according to CoreLogic. May 2013 had 19,000 fewer foreclosure listings than May 2012, averaging 52,000 completed foreclosures. The amount of homes in some stage of the foreclosure process has also fallen....
by Jim Crowder | Jul 9, 2013 | HOUSING MARKET
An increasing number of Americans are taking advantage of low mortgage rates and lower home prices according to Fannie Mae’s June 2013 National Housing Survey. Though mortgage rates are slowly increasing, consumers are recognizing many advantages of buying...
by Jim Crowder | Jul 8, 2013 | HOUSING MARKET
According to information from The Government Accountability Office, the National Flood Insurance Program has increased to 1.3 trillion policy holders. Experts suggest the program has room for improvement such as increasing coverage limits, although, many improvements...
