by Jim Crowder | Jun 18, 2013 | HOUSING MARKET
According to the Bankrate.com national survey of large lenders, 30-year fixed-rate mortgages increased to 4.14%, growing 0.13% from last week while the benchmark 30-year fixed-rate jumbo mortgage jumped 0.05%. This week’s benchmark 15-year fixed-rate...
by Jim Crowder | Jun 17, 2013 | HOUSING MARKET
Fannie Mae stated in a new report that the United States economic growth is expected to continue to strengthen into next year increasing energy production and rising many household incomes. Doug Duncan, Fannie Mae Chief Economist said, “At the outset of the...
by Jim Crowder | Jun 14, 2013 | HOUSING MARKET
As home values grow and low interest rates begin to increase, the housing market is slowly changing from a buyer’s market to a seller’s market, which suggests great improvement overall. Construction companies are working hard to keep up with the housing...
by Jim Crowder | Jun 13, 2013 | HOUSING MARKET
The refinance index increased 5% last week, still 11% lower than 2 weeks prior, and 36% lower than the beginning of May 2013. The average contract interest rate for 30-year fixed-rate mortgage loans with a conforming loan balance jumped 4.15%, and the 30-year...
by Jim Crowder | Jun 12, 2013 | HOUSING MARKET
According to Freddie Mac, 30-year loan rates jumped to 3.91%, a 0.10% increase from last week. The average 15-year rate mortgage in the United States averaged 3.03%, increasing to the highest average seen in a year. Affordable mortgages have helped the economy and...
by Jim Crowder | Jun 11, 2013 | HOUSING MARKET
New research has found that the housing market is responsible for improving the economy and employment rates. New home building is responsible for 20% of GDP growth over the last six quarters and is expected to continue to grow as home sales increase and house-related...
