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Tag Archives: Zillow

Home Values Decline 0.3% in October: Zillow

Home values continued on a downward-facing slope by declining 0.3 percent in October, with more to come over 2012, according to real estate Web site Zillow. The company released a monthly Zillow Real Estate Market Report that found monthly depreciation rates nonetheless stabilizing as the housing market bottoms out. Zillow found declines for home values year-over-year by 5.1 percent to $147,900, as home values declined by 23.7 percent since peaking in May 2007.

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Zillow Releases Mortgage Rates This Week

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In line with record-low mortgage rates, Zillow found interest rates for the 30-year fixed-rate loan hovering around 3.78 percent this week. The real estate finance Web site culled figures from anonymous online quotes, which it used in the Zillow Mortgage Marketplace. The rate for a 15-year loan stayed around 3.11 percent, with rates for 5-year and 1-year adjustable-rate mortgages nearing 2.52 percent. By state, mortgage rates also fell nationally, with New York leading the way in a decline by 13 basis points from last week.

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Thirty-Year Loan Falls Lowest in Seven Weeks: Zillow

With the global economy overshadowed by debt crises, fleeing investors keep mortgage rates at record lows, as Zillow reaffirmed Tuesday. The real estate Web site polled its online audience, reporting that the benchmark 30-year fixed-rate mortgage hit 3.8 percent, the lowest rate in seven weeks. A dearth for the 30-year fixed-rate loan reflects a fall by 10 basis points, down from 3.9 percent last week. The 15-year fixed-rate mortgage likewise hovered around 3.16 percent.

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Zillow: Homebuyers Setting Unrealistic Expectations

A new survey from Zillow: reveals that prospective homebuyers may have an overly optimistic view when it comes to their expectations related to property appreciation and housing value. In the website├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ós recent poll, more than 42 percent of those that plan on purchasing a home in the near future said they anticipated a 7 percent annual increase in their property value during their ownership period.

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Brokers: Mortgage Industry Will Miss Steve Jobs

Shocking the nation and world, Apple, Inc. co-founder Steve Jobs succumbed to a rare case of pancreatic cancer Wednesday. Speaking with MReport, mortgage brokers, company executives, and other professionals praise the late visionary for his transformative role in creating mortgage apps, iPhones, and other technology that made their professional lives easier and business more convenient. One such broker recalls seeing and hearing about Jobs as he worked on his Apple computer prototype three doors down from her.

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What the Lower Conforming Loan Limits Mean

Making good on promises by policymakers from both parties, Congress allowed the $729,750 threshold for conforming loans with federal guarantees to expire Saturday, pinching high-end borrowers in a marginal number of counties and potentially leaving a swath of new market share for private bankers. Homebuyers looking for more than $625,000 in financing for their mortgage loans will accordingly fall short of eligibility requirements needed for federal insurance.

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Zillow Sees 30-Year Loan Rates Hit 3.94%

Real estate Web site Zillow differed by few turns over mortgage rates, publicizing a small uptick in real-time mortgage rates. The latest rates arrive amid turmoil in markets at home and record lows for mortgage rates recorded by Bankrate.com and Freddie Mac. According to the real estate Web site, the 30-year fixed-rate loan traded up by three basis points to hit 3.94 percent, up from 3.91 percent from last week ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô the lowest such rate for the loan on record for the company since April 2008.

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Zillow: Mortgage Rates Fall to Historic Lows

Keeping trends on track for mortgage rates, real estate Web site Zillow revealed a 15 basis-point plunge for the benchmark 30-year fixed-rate mortgage. The current rate beached on a record all-time low made possible last month. According to the Zillow Mortgage Marketplace, which the Web site creates by tracking thousands of anonymous loan quotes reported daily, the 30-year loan fell from 4.07 percent last week to crest at 3.92 percent. Meanwhile, rates for the 15-year loan hovered at 3.17 percent.

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Zillow: Mortgage Rates Fall. Again

Mortgage rates continued falling to new lows, according to real estate Web site Zillow, which released rates in the latest Mortgage Marketplace note Tuesday. According to Zillow, the benchmark 30-year fixed-rate loan jumped four basis points to hit 4.07 percent Saturday, up from 4.09 percent last week. Zillow tracks mortgage rates by pooling anonymous loan quotes submitted by the 1.7 million users that it says follow its Web site on a daily basis. The Zillow rates track ongoing mortgage-rate declines reported by Bankrate and Freddie Mac.

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Zillow Expands Database of Homes

The real estate information marketplace Zillow has expanded its database of homes, leveraging user-submitted data to add more than 25 million new home valuations generated from the company's proprietary Zestimate algorithms, which are Zillow's own market value estimates based on various details available about individual properties. The company says it now has data, Zestimates, and Rent Zestimates on more than three-quarters of all homes in the United States.

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