Existing Home Sales Rose
February 22, 2012 – The National Association of Realtors reported existing-home sales rose in January, marking three gains in the past four months, while inventories continued to improve, according to the National Association of Realtors®. Total existing-home sales, which are completed transactions that include single-family …
30 Year Fixed Rate Increased To 4.09%
February 22, 2012 – The Mortgage Bankers Association reported that the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($417,500 or less) increased to 4.09 percent from 4.08 percent, with points increasing to 0.53 from 0.51 (including the origination fee) for …
Refi % of Apps Decreased To 80.1%
February 22, 2012 – The Mortgage Bankers Association reported that the refinance share of mortgage activity decreased to 80.1 percent of total applications from 81.1 percent the previous week. The adjustable-rate mortgage (ARM) share of activity decreased to 5.3 percent from 5.4 percent of total …
Mortgage Apps Decreased 4.5%
February 22, 2012 – The Mortgage Bankers Association reported that the mortgage applications decreased 4.5 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending February 17, 2012. The Market Composite Index, a …
Spreads on Home Equity Loans Decreased Slightly
February 21, 2012 – According to Bankrate, the average rate for a new $30k Fixed Rate Home Equity Loan was 5.93% compared with last week of 5.97%. According to the Federal Home Loan Bank of Des Moines, the 15 Year Fully Amortizing Advance Rate for …
Spreads on HELOCs Increased Slightly
February 21, 2012 – According to Bankrate, the average rate for a new $30k Home Equity Line of Credit (HELOC) was 4.65% compared with last week of 4.66%. According to the Federal Home Loan Bank of Des Moines, the 1 week advance rate for the …
Foreclosure Starts 1.04%
February 16, 2012 – The Mortgage Bankers Association reported that the delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 7.58 percent of all loans outstanding as of the end of the fourth quarter of 2011, a decrease …
Mortgage Delinquency Rates fell to 7.58%
February 16, 2012 – The Mortgage Bankers Association reported that the delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 7.58 percent of all loans outstanding as of the end of the fourth quarter of 2011, a decrease …
LEI Increased to 94.9
February 17, 2012, The Conference Board Leading Economic Index® (LEI) for the U.S. increased 0.4 percent in January to 94.9 (2004 = 100), following a 0.5 percent increase in December and a 0.3 percent increase in November. Said Ataman Ozyildirim, economist at The Conference Board: …
Building Permits Up 0.7%
January 19, 2012 – The U.S. Census Bureau and the Department of Housing and Urban Development reported that privately owned housing units authorized by building permits in January were at a seasonally adjusted annual rate of 676,000. This is 0.7 percent (±1.2%) above the revised …
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