August 5, 2011 (Shirley Allen) Foreclosure timelines continue to lengthen with the average loan in foreclosure now being delinquent for a record 587 days according to the June Mortgage Monitor Report by Lender Processing Services (LPS). […]
August 4, 2011 (Jeff Alan) U.S. home prices increased by 4.1 percent in the latest rolling quarter according to Clear Capital’s Home Data Index (HDI), but the seasonal gains were not nearly enough to offset the declines recorded last winter as year-over-year prices are still down 7.9 percent as REO sales continue to apply downward [...]
August 4, 2011 (Shirley Allen) Mortgage interest rates plunged to their lowest level in 2011 with the 15 year fixed-rate mortgage and the 5-year ARM reaching historic lows amid a barrage of economic reports signaling a weakening economy according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS). […]
August 4, 2011 (Jeff Alan) Falling home values have left home equity piggy-banks pretty empty as of late. According to a recent report by Freddie Mac, the total amount of cash that borrowers who refinanced their first-lien mortgages took out of their homes was less than 10 percent of the total amount of cash that [...]
August 4, 2011 (Shirley Allen) Existing home sales in Seattle hit a four year high in June, but were still slightly lower than the levels seen a year ago. Meanwhile, new home sales fell to their lowest level in 17 years according to real estate information provider DataQuick. […]
August 3, 2011 (Shirley Allen) According to the data collected on August 2, 2011, for LendingTree’s Weekly Mortgage Rate Pulse, average home loan rates offered by network lenders were 4.56 percent (4.81% APR) for 30-year fixed mortgages, which is down from 4.74 percent reported the previous week, 3.80 percent (4.20% APR) for 15-year fixed mortgages, [...]
August 3, 2011 (Jeff Alan) A recent survey conducted by the California Association of Realtors® (CAR) found that more than half of Central Valley Realtors characterized closing short-sale transactions as “difficult” to “extremely difficult.” […]
August 3, 2011 (Chris Moore) National home prices increased by a modest 0.8 percent from May to June according to CoreLogic’s June Home Price Index (HPI), marking the third consecutive month of gains for the HPI. […]
August 3, 2011 (Chris Moore) The Mortgage Bankers Association (MBA) released its Weekly Mortgage Applications Survey for the week ending July 29, 2011. The Market Composite Index, a measure of mortgage loan application volume increased 7.1 percent but overall activity remains weak compared to historic standards and refinance activity is still 30 percent below last [...]
