January 19, 2012 (Shirley Allen) Mortgage interest rates remained virtually unchanged from last week with the 30-year fixed rate mortgage dropping one basis point to a new record low of 3.88 percent according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS) for the week ending January 19th. […]
January 19, 2012 (Chris Moore) A strong year-end finish in residential construction saved 2011 from the dubious distinction of being the worse year on record for housing starts as a 60.5 percent increase in multi-family starts pushed total starts 3.4 percent higher than in 2010 according to the latest data released by the Census Bureau. [...]
January 19, 2012 (Chris Moore) The housing market showed some subtle improvements over the last year according to the December release of the Obama Administration’s Housing Scorecard but the overall market still remains fragile with a mixed outlook. […]
January 19, 2012 (Chris Moore) The inventory of available homes for sale in the United States continued to drop in December, falling for the seventh consecutive month, while the listing prices for those homes that were available for purchase fell slightly according to the latest data housing of 146 metro areas released by Realtor.com [...]
January 19, 2012 (Jeff Alan) Although sales of new single-family homes are still near historic lows, recent gains in housing starts and sales have bolstered the confidence among the nation’s home builders resulting in a four point gain to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) in January, bringing the index [...]
January 18, 2012 (Chris Moore) Mortgage applications for both purchases and refinances made a big jump this week as fixed mortgage rates dropped to their lowest level in survey history according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending January 13, 2012. […]
January 18, 2012 (Jeff Alan) Monthly home sales bucked the seasonal trend and took a turn for the better in December while housing inventories continued to dwindle and home prices held steady according to RE/MAX’s National Housing Report (NHR). […]
January 18, 2012 (Chris Moore) Monthly sales of new and existing homes in Southern California surged in December, fueled by a record number of sales to investors according to real estate information provider DataQuick. […]
January 18, 2012 (Jeff Alan) Monthly default rates on first mortgages continued to rise for the fourth consecutive month in December, pushing the S&P/Experian Consumer Credit Default Indices up slightly to 2.24 percent from 2.22 percent in November. […]
