Tag Archives: Mortgage Rates

A drop in mortgage rates paved the way for a rise in applications last week, the Mortgage Bankers Association (MBA) reported.

Veros' future home price index (HPI) forecast projects significant strengthening and improvement across most markets.

Pro Teck recently examined the effect of the Federal Reserve's commitment to keep interest rates low on home prices, which have historically increased during such programs.

After spiking last week, mortgage rates took a dive this week as tension broke out in Europe over the financial crisis in the island country of Cyprus.

Data from Trulia shows that once all costs are factored, buying a home is 44 percent cheaper than renting at this point.

RE/MAX's latest report shows home sales rose 0.9 percent month-over-month and 2.3 percent year-over-year. The median home price also increased, rising to $160,500--3.5 percent above January and 7.0 percent above February 2012. RE/MAX CEO Margaret Kelly said today's low prices and low interest rates create "an attractive combination that most of us will never see again in our lifetimes." Meanwhile, inventory remains a major concern as the spring selling season dawns.

Unexpectedly positive employment and spending data drove mortgage rates to their highest level since August last week, according to Freddie Mac and Bankrate.com.

House prices increased 9.7 percent year-over-year in January, continuing a recent trend, and prices show "no signs of an imminent slowdown," according to Capital Economics.

Rising interest rates brought down mortgage activity last week, according to the Mortgage Bankers Association (MBA).

Strong demand, tight inventory, and positive signs among broader economic indicators led Capital Economics to revise its previous price gain forecast up to 8 percent.