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Sunday, November 13, 2011
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Mortgage And Real Estate News | ||
Housing Starts Slide in May, But Single-Family Holds Steady The latest Residential Construction report from the Census Bureau showed a noticeable drop in overall housing starts in May, though single-family activity managed a small gain. Building permits also d... | ||
Mortgage Applications Slip Despite Lower Rates Mortgage application activity declined modestly last week despite a drop in rates, according to the Mortgage Bankers Association’s (MBA) latest survey. The Composite Index fell 2.6% on a seasonally ad... | ||
Homebuilder Sentiment Just a Bit Gloomier Builder sentiment declined for the second straight month according to the National Association of Homebuilders (NAHB) and Wells Fargo's latest Housing Market Index (HMI). The headline index dropped tw... | ||
Mortgage Rates Hold Steady With Thursday being a federal holiday, banks (and more importantly, the underlying market for mortgage related bonds) were closed. This means that lenders were not able to update mortgage rates.... | ||
Digital HELOC, Appraisal Review Products; Background AI; Hurricane Season i... Happy Summer Solstice, and happy 50th birthday to the movie Jaws. Back then, for security, all we had to remember was where we hid our house key, or the combo to the lock on our school locker. Now, ou... | ||
Remarkable Absence of Mortgage Rate Volatility It happens, but it's rare. A Fed "dot plot" day has come and gone with mortgage rates almost perfectly unchanged from the previous day. This speaks to the level of indecision not only in the market, b... | ||
HELOC, Marketing, Down Payment Products; STRATMOR Tech Survey; Compliance B... Today we hear from the U.S. Federal Reserve. We can expect no change to overnight fed funds. As pointed yesterday by Dr. Paul Brewbaker, the economist who spoke here at the MBA Hawai’i conference, the... | ||
Mortgage Rates Slightly Lower Ahead of Fed Day Mortgage rates continue operating in a narrow range with almost every day of the past two months falling between 6.8 and 7.0% for a top tier 30yr fixed scenario. Today's average rate fell 0.03 after m... | ||
Marketing, Broker, Processing, MSR Trading Platform; LOs and MISMO; Webinar... In Spain, Spaniards are shooting water pistols at foreigners to protest the impact of mass tourism: it has created a housing crunch. Tourism in the United States is down considerably, especially from ... | ||
Mortgage Rates Drift Slightly Higher to Start The Week While there's been no shortage of political and geopolitical headlines over the past 2 business days, there hasn't been much by way of inspiration for the bond market. Bonds (and, thus, rates) have mo... | ||
Cook County DPA, Processing Automation, LO Pricing Tools; Mortgage Cost Map... Any food science major will tell you that the difference between jelly and jam is that jam has chunks of fruit in it; jelly is strained. There is also a difference in costs in our biz. Here in Honolul... | ||
Mortgage Rates Bounce But Remain Lower on The Week The top tier 30yr fixed mortgage rate index rose 0.04% on Friday, which would be a medium-sized defeat in and of itself. In the broader context, however, it was an acceptable adjustment on what has ot... | ||
Purchase Demand Near 2 Year Highs; Refis Bounce Back After a Memorial Day-induced lull, mortgage application activity rebounded sharply last week, according to the Mortgage Bankers Association’s (MBA) latest survey. Both purchase and refinance demand cl... | ||
2nd Lien Reverse, Borrower Aid, Legal Counsel Products; FHA, USDA, VA Chang... Hey, for you LOs who think things are slow, you can always go into golf. The best example of this is ex-LO Ben Griffin who has racked up $11 million in PGA winnings! A large number of professional ath... | ||
Lowest Mortgage Rates in More Than a Month Mortgage rates being offered today are only a hair lower for the average lender than they were on June 4th, but June 4th was the best day since early May. In other words, today's average rate is... | ||
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