Household Formation for March 2012
March 30, 2012, The U.S. Census Bureau released their monthly estimates of households for the month of March 2012. The figure for March was 113,940 vs. the prior month estimate of 114,147 representing a month over month (MoM) change of (227). The Year-end 2011 statistic …
Spreads on HELOCs Decreased Slightly
April 30, 2012 – According to Bankrate, the average rate for a new $30k Home Equity Line of Credit (HELOC) was 4.59% compared with last week of 4.60%. According to the Federal Home Loan Bank of Des Moines, the 1 week advance rate for the …
Spreads on Home Equity Loans Decreased
April 30, 2012 – According to Bankrate, the average rate for a new $30k Fixed Rate Home Equity Loan was 5.77% compared with last week of 5.78%. According to the Federal Home Loan Bank of Des Moines, the 15 Year Fully Amortizing Advance Rate for …
Consumer Sentiment Index Rose to 76.4
April 27, 2012 – The Thomson Reuters/University of Michigan reported that the Sentiment Index was 76.4 in the April 2012 survey, barely above the 76.2 in March but significantly above last April’s 69.8. Consumers’ assessments of current economic conditions and their expectations for future economic …
Remodeling Market Index Decreases 46.8
April 26, 2012 – The National Association of Home Builders reported that the remodeling activity remained relatively flat in the first quarter of 2012, as the Remodeling Market Index (RMI) compiled by the National Association of Home Builders decreased one point to 47 from the …
Pending Home Sales Increased To 101.4
April 26, 2012 – The National Association of Realtors reported that pending home sales a forward-looking indicator based on contract signings, rose 4.1 percent to 101.4 in March from an upwardly revised 97.4 in February and is 12.8 percent above March 2011 when it was …
Initial Jobless Claims – 388,000
April 26, 2012 – The US Department of Labor reported in the week ending April 21, the advance figure for seasonally adjusted initial claims was 388,000, a decrease of 1,000 from the previous week’s revised figure of 389,000. The 4-week moving average was 381,750, an …
30 Year Fixed Rate Decreased to 4.04%
April 25, 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) decreased to 4.04 percent from 4.05 percent, with points decreasing to 0.40 from 0.45 (including the origination fee) for …
Refi % of Apps Decreased To 73.4%
April 25, 2012 – The Mortgage Bankers Association reported that the refinance share of mortgage activity decreased to 73.4 percent of total applications from 75.2 percent the previous week. The adjustable-rate mortgage (ARM) share of activity increased to 5.6 percent from 5.3 percent of total …
Mortgage Apps Decreased 3.8%
April 25, 2012 – The Mortgage Bankers Association (MBA) released mortgage applications decreased 3.8 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending April 20, 2012. The Market Composite Index, a measure …
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