Recent updates to reverse mortgage rules places borrowers' well-being first and helps with unanticipated issues, according to the Federal Deposit Insurance Corporation's Summer 2015 newsletter released Thursday.
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 »Pending Home Sales Rise Moderately In July
Pending home sales increased slightly in July for the sixth time in seven months, according to the National Association of Realtors. The Pending Home Sales Index increased 0.5 percent to 110.9 in July from an upwardly revised 110.4 in June.
Read More »Texas Leads Healthiest Housing Markets
Although the housing market was one of the main drivers of the crisis on the U.S. economy, the housing sector has made significant recovery and cities are beginning to find their footing in the market again.
Read More »Freddie Mac’s Portfolio Expands Further to Reach $1.925 Trillion
While not as substantial as June's increase, Freddie Mac's total mortgage portfolio still expanded in July, this time at a compound annualized rate of 0.8 percent, according to Freddie Mac's July 2015 Monthly Volume Summary released on Wednesday.
Read More »Affordability Remains Unshaken By Home Price Increases
Despite home price increases over the last three years, homes are still affordable by historical standards, according to the Urban Institute's Monthly Chartbook: Housing Finance At A Glance.
Read More »Housing Market Strong Enough to Bear Fed Rate Hike, Poll Suggests
As the housing market strengthens, many economists believe that it could withstand an interest rate hike by the Federal Reserve this year, pending stabilization among home prices.
Read More »June Housing Market Indicators Highest Since 2008
Multiple market indicators show solid strong stabilization within housing in June, mostly due to employment and current mortgages, according to Freddie Mac's Multi-Indicator Market Index. Housing markets are the strongest they have been since 2008, with the national MiMi surpassing 80 in June. Freddie Mac attributes most of this positive growth to a surge in jobs and mortgages that are kept current in nearly all metros.
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