Low mortgage rates and stronger consumer confidence are driving home sales and home prices upward, according to CoreLogic's July 2015 Home Price Index Report.
Read More »Mortgage Credit Access Tightens Up in Q1
Getting a mortgage has been progressively getting easier since 2012, however the first few months of this year indicate that credit is tightening and obtaining a mortgage is no easier than it was a year ago.
Read More »Purchase Loans Risk Rises for the Seventh Consecutive Month
Agency purchase loans became just a bit riskier in July 2015, climbing upward by 0.6 percentage points from the previous July and marking the seventh consecutive month with a year-over-year increase.
Read More »Mortgage Loan Application Defects Head Up in July
First American Financial Corporation’s Loan Application Defect Index for July 2015 found that the mortgage loan defect rate rose 4.9 percent in July compared to June.
Read More »Housing Market Favor is Shifting From Sellers to Buyers
Realtor.com economic research released Monday found that sellers' overall advantage in the market is being reduced and buyers are beginning to reap the benefits of growing home inventory.
Read More »G20 Economies Growth Forecast Revised Downward to 2.8 Percent
The gross domestic product growth in the Group of Twenty economies has been revised downward for next year, according to a report from Moody's Investors Services released Friday.
Read More »Home Price Declines Riskiest in Oil-Producing States
As gas prices continue to decline, oil-producing states remain at high-risk for home price decreases, according to Fannie Mae's recent edition of Housing Insights.
Read More »Mortgage Interest Rates Rise Despite Hesitant Fed
Mortgage interest rates appear to be following a pattern of ups and downs, especially as consumers anticipate the Federal Reserve's rate hike.
Read More »GDP Growth Expands to 3.7 Percent for Second Q2 Estimate
Real GDP growth in Q2 is way up from a paltry 0.6 percent annual growth rate in Q1 and at 3.7 percent is now way ahead of forecasts for the remainder of 2015. But when all economic factors are considered, is the news all good?
Read More »HARP Refinances Hold Steady in Q2
Loans refinanced through the Home Affordable Refinance Program held steady for the second quarter of 2015. According to the Federal Housing Finance Agency's Refinance Report, the total number of loans refinanced through HARP in the second quarter was nearly the same as the number recorded in first quarter.
Read More »