Tag Archives: Percentage Point

Mortgage delinquencies hit lowest level since 2008

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Is the 30 Year Fixed Headed to 3 Percent?

Mortgage interest rates hit a new record low last week, and they appear to be on the same trajectory this week. The yield on the ten-year Treasury note touched a new low Monday, 1.396 percent, before coming up slightly, and … Continue reading

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Before You Refinance, Modify Your Loan … If You Can

A colleague who was looking to refinance his mortgage to today’s record low interest rates, just told me that he opted instead for a “modification.” No, he’s not behind on his monthly payments, nor even struggling to make them. He … Continue reading

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Despite High Affordability, Renter Nation Reigns

More Americans are renting homes, and fewer are owning them; it’s not as if this is news to anyone who follows the U.S. housing market, but a new report from the Census Bureau today really put an historical exclamation point … Continue reading

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Colorado jobs numbers setting pace for recovery by mid-2013

If Colorado continues to add jobs at the rate it did between March 2011 and March 2012, all the jobs lost during the downturn should be recovered by about mid-2013, the Colorado Department of Labor and Employment’s chief economist said … Continue reading

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Have Refis Run Out?

The average rate on the 30-year fixed mortgage is up about a half a percentage point since the middle of February, when they hit a record low. Mortgage refinances, however, dropped 24 percent in the same period of time. That’s … Continue reading

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January Residential Property Values Drop 0.6%

OXFORD, Miss., Mar 27, 2012 (GlobeNewswire via COMTEX) – FNC’s latest Residential Price Index(TM) (RPI), released Wednesday, indicates that U.S. residential property values declined in January, in spite of continued economic expansion and an improving job market in recent months. … Continue reading

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Housing Hype: Recovery Turns to Relapse?

the fundamentals might not be supporting the sentiment was met with harsh criticism. And then suddenly it wasn’t. A slew of new housing data last week disappointed the analysts and the stock market, and all of a sudden you started … Continue reading

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Parsing Home Prices Proves Precarious

Another day, another double-dose of home price reports, a home sentiment survey and a weekly report on mortgage applications. All seem to point in different directions. Both Lender Processing Services and CoreLogic released home price data, the former for December … Continue reading

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Where To Find Housing Demand

Given record low interest rates and still-falling home prices, you would think housing demand would be surging, but these are strange, strange times. Difficult credit conditions, combined with a steep drop in consumer confidence have cancelled out housing’s positives. Most … Continue reading

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