Freddie Mac recently released the results of its Primary Mortgage Market Survey (PMMS), finding that average fixed mortgage rates continue to drop as economic uncertainty pushed Treasury yields lower.
Read More »Will the Fed Raise Rates in September Based on Recent Labor Market Improvements?
The Federal Open Market Committee stated in its July meeting that more labor growth is needed before the Fed decides to raise the federal target funds rate. Will July's job gains drive the Fed to increase rates in September after years of keeping them near zero?
Read More »Builder Confidence Remains High in 55+ Housing Market
In the single-family 55+ housing market, builder confidence remains positive for the second quarter of 2015 with a reading of 57, according to the National Association of Home Builders' 55+ Housing Market Index.
Read More »Higher-Balance Loan Programs Drive Mortgage Credit Availability Up in July
Mortgage credit availability rose in July, mostly due to higher-balance loan programs, according to the Mortgage Bankers Association's Mortgage Credit Availability Index,
Read More »U.S. Housing Starts Expected to Reach 1.07 Million in 2015
Housing construction trends are showing signs of an increase in total housing starts this year, according to Metrostudy's second quarter 2015 Home Building Outlook, which reviews housing construction trends across the top 100 housing markets nationwide.
Read More »Housing Markets Edge Closer to Normal Levels
The housing market is slowly but surely inching closer to normal levels with the help of economic and job growth, according to the National Association of Home Builders/First American Leading Markets Index released Thursday.
Read More »New and Existing Home Sales Expected to Recover From Monthly Declines
New home sales have been trending up for the last three years and the National Association of Home Builders (NAHB) expects that to continue on into next year as job gains drive up demand for housing.
Read More »Survey Finds Majority of Millennials Intend to Buy a Home in 2018
New research from Trulia found that only a small portion of millennials who plan to buy a home will do so within the next year, while the rest plan to wait two years or more.
Read More »CFPB Study Says Consumers Can Benefit From eClosings
Borrowers that close their mortgage using an electronic platform typically have a greater understanding toward the process and are more efficient and empowered, compared to those that take the paper route.
Read More »Fed Survey Finds Mortgage Demand Picks Up; Credit Also Loosening
Banks reported stronger demand for mortgage loans and eased lending standards in a number of categories, suggesting positive growth in the second half of the year, according to the Federal Reserve July 2015 Senior Loan Officer Opinion Survey on Bank Lending Practices.
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