Mortgage Interest on the Decline for Second Straight Month

The Federal Housing Finance Agency (FHFA) has conducted its monthly interest rate survey for 4,437 loans closed during the last five business days in April across 17 lenders, and has reported a decline by over 10 basis points across in all mortgage interest rates. Interest rates have been falling since February 2017. The largest drop … More Mortgage Interest on the Decline for Second Straight Month

Help Sellers Choose Between Multiple Offers In a bidding war, help your sellers think about more than money. by Judith Crown

Juggling multiple offers is an enviable problem to have, but it isn’t always easy territory to navigate. For clients who think the highest bid is the default choice, it’s important to explain that price is just part of the calculation. Other factors include move-in timeline, potential appraisal and inspection contingencies, the amount of earnest money … More Help Sellers Choose Between Multiple Offers In a bidding war, help your sellers think about more than money. by Judith Crown

First-time Buyers Account for 60 Percent of Purchases

The share of first-time homebuyers continues to rise, now accounting for almost half of all GSE purchase loans and more than 80 percent of FHA loans, according to the May 2017 Chartbook, released by the Urban Institute’s Housing Finance Policy Center on Wednesday. According to the Chartbook, 47.1 percent of all GSE purchases loans were … More First-time Buyers Account for 60 Percent of Purchases

First-time Buyers Account for 60 Percent of Purchases

Source DS News Brianna Gilpin The share of first-time homebuyers continues to rise, now accounting for almost half of all GSE purchase loans and more than 80 percent of FHA loans, according to the May 2017 Chartbook, released by the Urban Institute’s Housing Finance Policy Center on Wednesday. According to the Chartbook, 47.1 percent of … More First-time Buyers Account for 60 Percent of Purchases

Foreclosures Hit 10-Year Low, Despite April Uptick by Brianna Gilpin

Black Knight Financial Services, a provider of integrated technology, data, and analytics solutions, released its First Look at April’s mortgage performance Wednesday. The total national loan delinquency rate (loans 30 or more days past due, but not in foreclosure), spiked 13 percent from March putting a little over 2 million properties past due, however Black … More Foreclosures Hit 10-Year Low, Despite April Uptick by Brianna Gilpin

Low and Sideways, Mortgage Rates Play Waiting Game by Matthew Graham

Mortgage rates were slightly higher for the 3rd straight day, continuing a modest bounce back from the year’s lowest rates last Wednesday.  In a nutshell, bond markets (which dictate mortgage rates) reacted in a big way to last week’s political headlines, and have since been biding their time as markets wait for further developments.  In the current … More Low and Sideways, Mortgage Rates Play Waiting Game by Matthew Graham

Prices Still Rising, Inventory Still Dropping

On a seasonally adjusted national level, prices are now nearly 10 percent higher than their March 2007 peak. Prices have seen a compound annual growth rate of 3.5 percent since 1991, 3.4 percent since 2000, and 6.2 percent since 2012. Out of all nine census divisions, the Mountain region saw the biggest annual increase in … More Prices Still Rising, Inventory Still Dropping

Survey Shows Higher Public Confidence in Real Estate Market

On Tuesday Fannie Mae reported that the Fannie Mae Home Purchase Sentiment Index (HPSI) increased by 5.6 percentage points in February, to 88.3, a new all-time high. Five of the six components that comprise the HPSI were up, and three hit record highs. The net share of Americans who reported that now is a good time to buy … More Survey Shows Higher Public Confidence in Real Estate Market