Mortgage rates drop before March

It isn't out of the ordinary for mortgage rates to drop or even hold steady when real estate activity is slow, such as characteristic of the winter season and around holidays. After a mix of reports throughout January and February, the most recent Primary Mortgage Market Survey from Freddie Mac revealed that average rates for all mortgage types fell the final week of February.
It isn't out of the ordinary for mortgage rates to drop or even hold steady when real estate activity is slow, such as characteristic of the winter season and around holidays. After a mix of reports throughout January and February, the most recent Primary Mortgage Market Survey from Freddie Mac revealed that average rates for all mortgage types fell the final week of February. [More]


Mortgage applications activity fall further in February

Mortgage applications have been considerably inconsistent when it comes to increasing and decreasing on a week-over-week basis, and a new report from the Mortgage Bankers Association revealed that activity fell 3.8 percent the final week of February.
Mortgage applications have been considerably inconsistent when it comes to increasing and decreasing on a week-over-week basis, and a new report from the Mortgage Bankers Association revealed that activity fell 3.8 percent the final week of February. [More]


Less foreclosures and delinquencies recorded in end of 2012

As the national housing market continues to recover from large levels of foreclosures and delinquencies in many parts of the country, the Mortgage Bankers Association's National Delinquency Survey for the final quarter of 2012 revealed the delinquency rate for mortgage loans dropped to the lowest level in four years.
As the national housing market continues to recover from large levels of foreclosures and delinquencies in many parts of the country, the Mortgage Bankers Association's National Delinquency Survey for the final quarter of 2012 revealed the delinquency rate for mortgage loans dropped to the lowest level in four years. [More]


More homeowners refinanced to shorter mortgages in fourth quarter

Throughout 2012 mortgage rates continued to hit new record lows and linger near those affordable rates allow many first-time buyers to make the investment for less and letting current homeowners refinance for either lower rates or shorter terms. Freddie Mac's Quarterly Product Transition Report revealed more than a quarter of those who refinanced opted to shorten their loan term.
Throughout 2012 mortgage rates continued to hit new record lows and linger near those affordable rates allow many first-time buyers to make the investment for less and letting current homeowners refinance for either lower rates or shorter terms. Freddie Mac's Quarterly Product Transition Report revealed more than a quarter of those who refinanced opted to shorten their loan term. [More]


Delinquency rates still high, inventory low

For many first-time buyers, investing in a foreclosures or otherwise delinquent property is easy as they often come at a discounted price, which has helped lower the overall inventory of these homes. However, Lender Processing Services' December Mortgage Monitor report revealed mortgage delinquency rates have continued to be high, though levels were 32 percent lower than the rate from January 2010 when it reached a historic high. [More]


Affordability remains Mortgage rates flat in January

While economic and housing market factors will continue to influence mortgage rates, likely pushing them up, they aren't expected to top 4 percent in 2013.
While economic and housing market factors will continue to influence mortgage rates, likely pushing them up, they aren't expected to top 4 percent in 2013. [More]


Affordability remains: Mortgage rates flat in January

While economic and housing market factors will continue to influence mortgage rates, likely pushing them up, they aren't expected to top 4 percent in 2013.
While economic and housing market factors will continue to influence mortgage rates, likely pushing them up, they aren't expected to top 4 percent in 2013. [More]


Mortgage rates up, still below 2012 levels

After mortgage rates dipped to new record lows multiple times throughout 2012, many economists say they should gradually increase in 2013.
After mortgage rates dipped to new record lows multiple times throughout 2012, many economists say they should gradually increase in 2013. [More]


New year starts with mortgage application bump

After a seasonably slower rate of activity, the Mortgage Bankers Association reports increased applications came through for the week ending January 4.
After a seasonably slower rate of activity, the Mortgage Bankers Association reports increased applications came through for the week ending January 4. [More]


Federal programs from Freddie, Mac Fannie Mae continue to help underwater homeowners

As the economy and the national housing market continue to improve, many economists still recognize a full recovery won't be characteristic of 2013.
As the economy and the national housing market continue to improve, many economists still recognize a full recovery won't be characteristic of 2013. [More]