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Today's Real Estate News Provided by Inman News
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Thursday, December 27, 2012
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Mortgage And Real Estate News | ||
Mortgage Rates Not Too Far From 8 Month Lows Friday's mortgage rates ended up being right in line with Thursday's on average. At 6.72%, the MND daily rate index is as low as it's been since early April when it hit 6.60%. If you're thinkin... | ||
HELOC, Ops Tools; STRATMOR and Servicing; The Importance of Marketing; Fred... Does anyone pay with cash anymore, or actually have the money in their bank account? Credit card debt is now $1.1 trillion. There is even a credit card just for automotive repairs! With those “Buy Now... | ||
Pending Home Sales Data Scores Some Points, But Not Enough to Change The Ga... The National Association of Realtors' Pending Home Sales Index (PHSI)—which tracks contract signings on existing homes—has remained rangebound for more than two years, constrained by affordability pre... | ||
New Home Sales Drop to Lower End of Range After Hitting The Highs Last Mont... New Home Sales fell sharply in May according to the latest report from the U.S. Census Bureau and HUD. After a brief surge in April, the seasonally adjusted annual pace dropped to 623,000—down 13.7% f... | ||
Mortgage Applications Buoyed by FHA Refis Mortgage application activity moved slightly higher last week despite a modest uptick in rates, according to the Mortgage Bankers Association’s (MBA) latest survey. The Composite Index rose 1.1% on a ... | ||
Existing Home Sales Tick Up Slightly, but Remain Near 6-Month Lows Two months ago, existing home sales reached the highest levels in a year according to the National Association of Realtors. Last month’s report showed a noticeable dip to 5‑month lows. The latest data... | ||
Mortgage Rate Winning Streak Continues After topping out on May 21st, the average day for mortgage rates has been a good one. This has been especially true since June 6th with our 30yr fixed index moving down almost 0.25% through thi... | ||
Hedging, Processing, Community Lending, Servicing, Mortgage Intelligence To... “I've been experimenting with breeding racing deer. People have accused me of just trying to make a fast buck.” There are no fast bucks to be made in residential lending, and the correct compensation ... | ||
Lowest Rates in Over 2 Months The average top tier 30yr fixed mortgage rate had already dipped to the lowest levels since May 1st at the start of the week. Two additional days of modest improvement brings us to the lowest le... | ||
TBA Trading, Servicing Compliance, Digital Marketing, DPA Products; Bank M&... AI doesn’t have an NMLS number. (Zillow has never, ever set foot in a house for that matter.) Do you own a computer? Most in lending do. Elon Musk? I guess not. A courtroom twist in Musk's war with Op... | ||
Home Prices Fell More Than Expected in April Both the FHFA and Case‑Shiller home price indices were released today. While the data collection time frame is from April, they each suggest a similar shift is underway when adjusting for seasonality.... | ||
Mortgage Rates Lowest Since April Yesterday saw mortgage rates fall to the best levels since early May. Now, today, we'd have to go all the way back to the end of April to find anything lower. Are the changes massive? Not ... | ||
SOC, Warehouse, Legal Guidance Tools; Webinar on Comp; LOs as Financial Adv... Residential business is coming through in dribs and drabs for many lenders, but that doesn’t stop all the random news out there. To no one’s surprise, Compass is suing Zillow, the owner of Zillow Home... | ||
Mortgage Rates Lowest Since May 1st Mortgage rates ended the previous week roughly in line with the best levels since May 1st. Today's modest improvement made it official. Mortgage rates are primarily a function of trading ... | ||
HELOCs and 2nds, Doc Tracking, Execution, POS, Webinars and Training; Rates... For many, business is slow out there, and the industry waits for the House vote on the abusive trigger lead bill. Depository banks continue to focus on residential lending in their own footprint while... | ||
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