December 2, 2011 (Shirley Allen) More Americans continued to pay their mortgages on time, but the eight hundred pound gorilla in the room is the rising inventory of foreclosures according to the Mortgage Monitor Report for October by Lender Processing Services (LPS). […]
December 1, 2011 (Shirley Allen) Interest rates on fixed rate mortgages remained about the same as last week while interest rates for adjustable rate mortgages averaged new record lows for the second consecutive week according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS) for the week ending December 1st. […]
December 1, 2011 (Shirley Allen) Private residential construction spending gained some unexpected momentum in October, increasing 3.4 percent to a seasonally adjusted annual rate of $239.0 billion, up from a revised estimate of $231.2 billion in September according to the U.S. Census Bureau. It was the second consecutive month of improvement for residential builders. [...]
December 1, 2011 (Jeff Alan) Fannie Mae completed 17,511 loan modifications under the federal government’s Home Affordable Modification Program (HAMP) in October, a decline of 6.3 percent over September according to its Monthly Summary for October 2011. […]
December 1, 2011 (Chris Moore) Economic activity was reported as increasing at a slow to moderate pace in all Federal Reserve Districts except St. Louis according to the latest edition of the Beige Book released by the Federal Reserve. […]
December 1, 2011 (Shirley Allen) Monthly sales of new and resale homes in Las Vegas declined slightly from September to October but remained well above year ago levels for the fourth consecutive month according to the latest data released from DataQuick. […]
November 30, 2011 (Shirley Allen) Mortgage interest rates showed little inclination to move during the shortened holiday week and remained virtually unchanged from the previous week according to the data collected by LendingTree’s Weekly Mortgage Rate Pulse. […]
November 30, 2011 (Chris Moore) Contract signings surged 10.4 percent in October as the Pending Home Sales Index (PHSI) increased from 84.5 in September to 93.3 in October according to the National Association of Realtors® (NAR), but with the recent surge in contract cancellations, how many will make it to closing? […]
November 30, 2011 (Chris Moore) Low interest rates couldn’t overcome the Thanksgiving holiday and Black Friday as mortgage refinance applications plummeted last week according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending November 25, 2011. […]
