New Home Sales Rise in Latest Report
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The U.S. Census Bureau and the Department of Housing and Urban Development today announced that sales of new, single-family homes rose in the month of February, increasing 4.7 percent from January’s numbers.
“New home sales rebounded nicely following January’s report of record-low activity. The number of existing homes on the market at astonishing prices has led many builders to scale back on construction while Read more
Latest Mortgage Applications Report Shows Increase Driven by Refinances & Low Fixed Rates
Last week, the number of Americans applying for mortgages increased from the previous week, according to a report released today by the Mortgage Bankers Association (MBA).
The Index, which measures and compares mortgage loan application volume from week to week, showed that for the week ending January 30, mortgage activity increased 8.6 percent from the previous week’s numbers.
The number of refinance applications Read more
New Home Sales Drop 14.7% in Latest Report
The U.S. Census Bureau and the Department of Housing and Urban Development announced today that sales of new, single-family homes in December fell more than 14 percent compared to November’s numbers. The report also showed there is currently a 12.9 month inventory of unsold homes on the market.
Bob Walters, chief economist of the nation’s largest online lender, Quicken Loans, says the report is a disappointment given Read more
Mortgage Job Losses Slow in Latest Quarter
While many industries still face massive layoffs, mortgage-related job losses seemed to have eased, according to employment data tracked by MortgageDaily.com.
There were a total of 8,646 mortgage industry layoffs during the fourth quarter of 2008, down from 11,229 a quarter earlier.
The net job loss was 7,721, thanks to 925 new hirings, potentially related to the recent surge in mortgage business attributable Read more
Latest Mortgage Applications Report Shows Home Purchases Picking Up Steam
Last week, the number of Americans applying for mortgages decreased from the previous week, according to a report released today by the Mortgage Bankers Association (MBA).
The Index, which measures and compares mortgage loan application volume from week to week, showed that for the week ending January 2, mortgage activity decreased 8.2% from the previous week’s numbers. The number of mortgage refinance applications fell 12.3%, Read more
Mortgage Applications Drop, Despite an Increase in Refinancing, in Latest Report
The number of Americans seeking a mortgage to purchase a home fell, while applications for those seeking to refinance increased, according to this morning’s Market Composite Index, released by the Mortgage Bankers Association (MBA).
The Index, which measures and compares mortgage loan application volume from week to week, showed that for the week ending November 14 mortgage activity fell 6.2% from the previous week’s numbers. Read more