July 15, 2011 (Chris Moore) The recent batch of housing proposals are failing to gain approval by the American public, especially the proposal for a required 20 percent down payment, with 7 out of 10 saying that such a requirement would have a negative impact on the housing market according to the National Association of [...]
July 15, 2011 (Shirley Allen) After a flat May, the home selling season finally arrived in California as sales of new and re-sale homes and condos increased by 9.7 percent from May to June with an estimated 38,975 properties sold according to the real estate experts at DataQuick. […]
July 14, 2011 (Jeff Alan) Wells Fargo is holding another Home Preservation Workshop in Modesto, California, on July 20 and 21, 2011. The event is being held at the Double Tree Hotel and will be open from 9:00 a.m. until 7:00 p.m. each day. The last day to register for this event is Monday, July [...]
July 14, 2011 (Shirley Allen) Ten-year Treasury Bonds dropped to under 3 percent and the weak employment report pushed mortgage interest rates down this week according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS) as Treasury yields ended the week higher following the end of the Federal Reserve’s monetary easing policies. […]
July 14, 2011 (Jeff Alan) Foreclosure activity for the first six months of 2011 was down 29 percent from the same period last year according to the Midyear Foreclosure Market Report released by RealtyTrac. […]
July 13, 2011 (Chris Moore) The Mortgage Bankers Association (MBA) released its Weekly Mortgage Applications Survey for the week ending July 8, 2011. The Market Composite Index, a measure of mortgage loan application volume, declined for the fourth straight week as mortgage applications decreased 5.1 percent led by a drop in refinance applications which are [...]
July 13, 2011 (Shirley Allen) According to the data collected on July 12, 2011, for LendingTree’s Weekly Mortgage Rate Pulse, average home loan rates offered by network lenders was 4.77 percent (4.94% APR) for 30-year fixed mortgages, which is down from 4.83 percent reported the previous week, 4.03 percent (4.28% APR) for 15-year fixed mortgages, [...]
July 13, 2011 (Chris Moore) June home sales in Southern California jumped up to the highest level for any month since June of last year according real estate information provider DataQuick. Investors and first-time homebuyers continued to drive sales of low cost homes with even high-end sales showing increased activity […]
July 13, 2011 (Shirley Allen) The Obama Administration has launched a new pilot initiative called “Strong Cities, Strong Communities” (SC2) designed to strengthen local capacity and spark economic growth in local communities while ensuring taxpayer dollars are being used wisely and efficiently. […]
