Category Archives: Home Values

Fewer First-Time Home Buyers Using FHA Mortgages

mortgage interest rates

The Federal Housing Administration (FHA) backed 480,000 mortgage loans issued to first-time home buyers in the 2014 fiscal year according to data from the Department of Housing and Urban Development from October 2014. The first-time home buyer loans accounted for

Mortgage Applications Decline Despite Decreasing Mortgage Rates

mortgage applications

The volume of mortgage applications in the United States went down by 4.3% in the week ended November 21st compared to the previous week. This was indicated by the seasonally adjusted Market Composite Index of the Mortgage Bankers Association. At

Mortgage Applications for Purchasing New Homes Rose in October

Mortgage (3)

The mortgage applications for the purchase of new homes climbed by 8% on an unadjusted basis in October compared to the previous month. This was revealed in the MBA Builder Application Survey for October 2014. The share of applications for

Decline in Mortgage Applications for a Third Consecutive Week

mortgage applications

Mortgage applications declined by 0.9% in the week ended November 7th. This was the third consecutive weekly decline of the seasonally adjusted Market Composite Index, which measures applications volume. On a seasonally unadjusted basis, the decline was 2% compared to

Seniors with Outstanding Mortgages Experiencing Greater Housing Cost Burden with Aging

mortgage (2)

Nearly 33% of seniors who are aged between 50 and 64 and still pay off their mortgage loan feel at least moderate housing cost burden, according to a recently introduced report of the Joint Center for Housing Studies at Harvard

Slight Decline in Mortgage Rates According to Zillow

mortgage applications

The average interest rate of a 30-yar fixed-rate mortgage is 4.08%, according to Zillow Mortgage Rate Ticker data presented on September 30th 2014. It dropped down by 5 percentage points from the previous week when it was 4.13%. The average

Mortgage Foreclosure Activity on the Rise in August

The number of foreclosure filings made by distressed mortgage borrowers rose by 7% in August compared to July. Still, it remained 9% below the level which was reached in August 2013. The total number of foreclosure filings in August 2014

Mortgage Applications Take a Deep Plunge

The Market Composite Index, which is a measure of the mortgage application volume in the United States compiled by the Mortgage Bankers Association, went down by 7.2% on a seasonally adjusted basis in the week ended September 5th 2014. The

Mortgage Rates Remain at a Steady Low Level According to Freddie Mac

The average interest rate on a 30-year fixed mortgage was 4.10% during the week ended August 28th. It remained unchanged from the previous week. This data is revealed in the Primary Mortgage Market Survey (PMMS) conducted by Freddie Mac. Currently,

Mortgage Lenders Making Profit Again

During the second quarter of 2014, mortgage lenders in the United States reported a net gain in their profit of $954 on each originated home loan. During the first quarter the lenders incurred loss of $194 per loan. The data

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