Tag Archives: Mortgage Bankers Association

Mortgage rates fall again after weak jobs report

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Why Housing Affordability Is at Risk

The average rate on the 30-year fixed mortgage dropped to 3.68 percent last week, according to the Mortgage Bankers Association. From 1985 through 1999, rates ranged from 6 to 13 percent. Present low rates have allowed buyers to purchase more … Continue reading

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Deep Freeze: Home Sales Barely Budge in Spring

“Only new home construction can genuinely help relieve the inventory shortage, and housing starts need to rise at least 50 percent from current levels,” said Lawrence Yun, chief economist for the National Association of Realtors in a release. “Most local … Continue reading

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Deep Freeze: Home Sales to Barely Budge in Spring

“Only new home construction can genuinely help relieve the inventory shortage, and housing starts need to rise at least 50 percent from current levels,” said Lawrence Yun, chief economist for the National Association of Realtors in a release. “Most local … Continue reading

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Sellers Who Delay May Miss Out

DAILY REAL ESTATE NEWS | MONDAY, MARCH 25, 2013 Some would-be move-up home sellers are eyeing home prices carefully. They’re waiting to see how much home prices appreciate more before they consider selling their home. But they may be missing … Continue reading

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Mortgage rates down from last week

Mortgage rates eased this week, as expectations of rapid economic growth were tempered by continued worries about the European debt crisis and the potential impact of government spending cuts. Rates on 30-year fixed-rate mortgages averaged 3.54 percent for the week … Continue reading

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Pending Home Sales Soar Despite Rough Winter

Banks have been slow to put foreclosed homes up for sale recently, possibly waiting for prices to improve further. While some expected a surge in inventory once home prices began to improve, that so-called “shadow supply,” has yet to emerge. … Continue reading

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Mortgage delinquencies hit lowest level since 2008

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US Homeowners Rise Above Water on Mortgages

The negative equity numbers also don’t say anything about whether or not the loans coming out from underwater are delinquent. While the overall delinquency rate dropped dramatically in the fourth quarter of 2012 to 7.09 percent of all loans, according … Continue reading

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Is the Refi ‘Apocalypse’ Really Upon Us?

In Bethesda, Maryland, Apex Home Loans CEO, Craig Strent, says a rise in rates could actually bring in more business in the short term. “There is a huge population that have benefitted from adjustable rate mortgages. When the rates adjusted, … Continue reading

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