September 29, 2011 (Shirley Allen) The number of proprietary loan modifications remained virtually the same from July to August according to HOPE NOW, the voluntary, private sector alliance of mortgage servicers, investors, mortgage insurers and non-profit counselors. Meanwhile, foreclosure starts jumped up almost 18 percent from the previous month. […]
September 28, 2011 (Shirley Allen) Average mortgage interest rates remained stable last week according to the data collected by LendingTree’s Weekly Mortgage Rate Pulse, but interest rates as low as 3.50 percent for a 30-year fixed rate loan were available for the first time ever in the survey. […]
September 28, 2011 (Chris Moore) Borrowers seeking to refinance their current mortgages jumped up11.2 percent last week as refinance applications accounted for almost 80 percent of all mortgage applications submitted according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending September 23, 2011. […]
September 28, 2011 (Chris Moore) July’s home prices continued to follow normal seasonal trends with prices for both the 10- and 20-City Composites increasing by 0.9 percent from June to July, the fourth consecutive month of increases according to the latest S&P/Case-Shiller Home Price Indices. […]
September 27, 2011 (Jeff Alan) The average interest rates for conventional 30-year fixed rate mortgages declined from 4.69 percent in July to 4.63 percent in August according to the Federal Housing Finance Agency’s (FHFA) Monthly Interest Rate Survey. […]
September 27, 2011 (Jeff Alan) American’s confidence in the future value of their homes continues to sink as a record high 40 percent expect their homes to be worth less in a year from now according to the latest Rasmussen Reports poll. […]
September 27, 2011 (Chris Moore) Weekly home sales volume fell 3.4 percent last week and home prices fell for the fifth time in the last six weeks according to the National Home Sales Snapshot released by DataQuick. […]
September 26, 2011 (Chris Moore) Sales of new single-family homes declined for the fourth consecutive month in August keeping 2011 on pace for being one of the worst years for single-family home sales since the Census Bureau started keeping records back in 1963. […]
September 26, 2011 (Chris Moore) Consumer spending accounts for about 70 percent of all economic activity in the United States and although much of the media plays up the importance of housing in an economic recovery, the fact remains many Americans suffer from the same affliction our government does…too much spending and not enough income. [...]
