Market News

Mortgage News from MortgageNewsDaily.com

Existing Home Sales Languishing in 2014
4/22/14
Sales of existing homes were essentially unchanged in March compared to February the National Association of Realtors® (NAR) said today.

Annual Home Price Increase is Largest Since 2006
1/15/13
Home prices increased on a year-over-year basis for the ninth consecutive month according to the CoreLogic Home Price Index (HPI) released today……Read More

Mortgage Rates Officially Hit New All-Time Lows!
5/17/12
Mortgage Rates hit new all-time lows today.  In most cases, lenders’ offerings are just slightly better across the board than they were in late January…..Read More

Home Prices to Rise Modestly in 2012: Clear Capital
4/5/12, 9:37 AM
While home prices are still falling, Clear Capital is predicting that the country will finally see a turn-around this year and a modest increase by the end of 2012.  According to the company’s latest Home Data Index (HDI) Market Report released on Thursday, home prices fell 0.2 percent over the first quarter although three regions posted positive numbers.y…..Read More

Pent Up Refinance Demand Awaits Record Low Mortgage Rates
5/19/11, 10:02 AM
The Refinance Index increased 13.2 percent from the previous week and is at its highest level since the week ending December 10, 2010.  The four week moving average is up up 7.2 percent for the Refinance Index. The refinance share of mortgage activity increased to 66.7 percent of total applications from 63.1 percent the previous week.  This is the largest refinance share observed since late January…..Read More

Mortgage Rates: Best Ex Barely Budges. Closing Costs Spike
1/21/11, 4:02 PM
Last Friday fence-sitting borrowers had a chance to lock up the most aggressive mortgage rate/closing cost combination we’ve seen since early December.  This might sound exciting but the improvements were modest in the grand scheme of things….Read More

Existing Home Sales Up. Distressed Sales Pressure Prices Lower
1/20/11, 2:17 PM
Existing-home sales, which are completed transactions that include single-family, townhomes, condominiums and co-ops, rose 12.3 percent to a seasonally adjusted annual rate of 5.28 million in December from an upwardly revised 4.70 million in November, but remain 2.9 percent below the 5.44 million pace in December 2009…Read More

Mortgage News from money.cnn.com

Buy vs. Rent, These Days, Buying Wins
5/19/11, 10:02 AM
For the first time in years, buying a home may beat renting……Read More