Mortgage application activity up first week of spring

For many people living in colder climates, the first day of spring brings hope of warm weather. However, the latest Mortgage Bankers Association Weekly Mortgage Applications Survey revealed that the season change may have influenced prospective buyers of homes for sale across the country to apply for a mortgage loan. Data for the week ending revealed activity increased 7.7 percent from the week before. [More]


Notable economic improvements boost IMI

Month-by-month economists and prospective buyers of homes for sale nationwide have seen improvements to many housing market factors including home prices while mortgage rates have extended affordability for those refinancing or first-time buyers. The latest Improving Markets Index from the National Association of Home Builders/First American for the month of March revealed the list grew to include 15 markets from the February IMI. [More]


Economic recovery contributes to desire for homeownership

When economic hardship occurs, many Americans tend to cut back on making financial investments, including purchasing a home. However, a new survey from JP Morgan and Chase revealed that homeownership remains a large part of the American Dream.
When economic hardship occurs, many Americans tend to cut back on making financial investments, including purchasing a home. However, a new survey from JP Morgan and Chase revealed that homeownership remains a large part of the American Dream. [More]


Average rates for FRMs and ARMs drop mid March

With home prices on the rise, the housing market recovery will likely be motive for more prospective buyers to make the leap into homeownership. While prices may not contribute to overall affordability, mortgage rates have continued to linger near record lows in recent months and experienced a week-over-week decline according to Freddie Mac's most recent Primary Mortgage Market Survey for the week ending March 21. [More]


Mortgage application activity dips in March

Throughout the start of 2013, results from the Mortgage Bankers Association's Weekly Mortgage Applications Surveys have varied despite widespread improvements to the national housing market and overall economy. After seeing a surge of applications in early March, the most recent survey revealed total application volume dropped 7.1 percent on a seasonally adjusted basis the week ending March 15. [More]


Mortgage rates soar, paralleling economic stabilization

Consumers and real estate professionals are likely remaining positive as  reports of improving economic factors flood the airways and make the front page of newspapers. The latest Primary Mortgage Market Survey from government-sponsored enterprise Freddie Mac revealed average rates for mortgages rose on a week-over-week basis across the board.
Consumers and real estate professionals are likely remaining positive as  reports of improving economic factors flood the airways and make the front page of newspapers. The latest Primary Mortgage Market Survey from government-sponsored enterprise Freddie Mac revealed average rates for mortgages rose on a week-over-week basis across the board. [More]


March's slow start for mortgage applications

Busier months for real estate activity are just around the corner, with the likely addition of more homes listed for sale and more buyers ready to move. In the past, real estate records have shown a significant jump in mortgage applications in March, April and May, but the most recent Primary Mortgage Market Survey from the Mortgage Bankers Association revealed application activity dropped the week ending March 8. [More]


American sentiment in housing sector continues march up

Consumers appear to be unfazed by the myriad economic issues that remain unresolved, as a high number of them noted they are confident in one major aspect of the national economic landscape: the housing sector.
Consumers appear to be unfazed by the myriad economic issues that remain unresolved, as a high number of them noted they are confident in one major aspect of the national economic landscape: the housing sector. [More]


Mortgage rates keep steady

For consumers looking to make a big investment in 2013, purchasing a home may be an affordable option. Despite small fluctuations throughout the first two months of the year, Freddie Mac's Primary Mortgage Market Survey for the week ending March 7 revealed average rates were, for the most part, unchanged and continued to linger near record low levels set in November 2012.
For consumers looking to make a big investment in 2013, purchasing a home may be an affordable option. Despite small fluctuations throughout the first two months of the year, Freddie Mac's Primary Mortgage Market Survey for the week ending March 7 revealed average rates were, for the most part, unchanged and continued to linger near record low levels set in November 2012. [More]


Mortgage rates hold steady, expected to increase in near future 

Fixed mortgage rates remained relatively unchanged in the week ending March 7, but many Americans believe they could increase significantly in the near future as the housing market continues to find its footing.
Fixed mortgage rates remained relatively unchanged in the week ending March 7, but many Americans believe they could increase significantly in the near future as the housing market continues to find its footing. [More]