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Top 6 DC Market Trends
amenities war is raging among second-generation Class A properties. The U.S. housing market is finally picking up speed. Cap rates continue their downward trend. The uptick in apartment absorption......

3 types of borrowers who can get a mortgage (but don’t think they can)
consumers should know before they close the door on homebuying. Borrowers with foreclosures on their record Foreclosure can make many would-be borrowers feel as if they’re benched from buying......

Fixed-rate mortgages: What they are, how they work
out the financing details, not so much. Even though housing prices and mortgage rates gyrate over time, one constant buyers can rely on to stay the same is a fixed-rate mortgage. What is a......

Mortgage rates slip as housing starts tumble
Scott Olson/ Mortgage rates across the board slid last week, giving buyers a bit of relief. The benchmark 30-year fixed-rate mortgage fell to 4.68 percent from 4.70 percent, according to Bankrate......

Mortgage Rate Trend Index: July 18, 2018
rates are headed. This week (July 18-24), none of the panelists believe mortgage rates will rise over the next week or so; 25 percent think rates will fall; and 75 percent believe rates will......

Story Idea: Is Homeownership Good for Our Neighborhoods?
strengthens a community; 67 percent of those surveyed agreed with the sentiment. NAR President Elizabeth Mendenhall says, “Homeowners are more likely to be involved and engaged in the issues......

House bill would reform and extend flood insurance program
that should the program lapse, there would be about 40,000 fewer home sales per month. Reps. Ed Royce, R-Calif., above, and Earl Blumenauer, D-Ore., introduced a package of legislation to extend......

Mortgage closing times hold steady, despite growing purchase market shift
technology and other digital mortgage innovations. Refinance volume is waning as rising mortgage rates gave fewer borrowers an incentive to get a new loan. Refi volume was 19% for Federal......

Loan Demand Dips as Housing Shortages Abound
And with fewer choices of homes for sale, some buyers are retreating. Mortgage applications fell again last week, dropping 2.5 percent on a seasonally adjusted basis, the Mortgage Bankers Association......

What Does a Successful Buyer Look Like?
of the inventory crisis in the data, and it’s holding back home sales. While would-be buyers struggle with limited inventory, rising prices and mortgage rates, those who closed were undeterred......

Higher mortgage rates prove to be mixed blessing for U.S. Bancorp
Mortgage banking revenue stemming from a year-to-year increase in rates weighed down noninterest income at U.S. Bancorp, but increased interest income from higher rates helped improve earnings......

MGIC still benefiting from favorable mortgage loan loss trends
being offered by Fannie Mae or Freddie Mac. The nation's largest title insurance underwriter, Fidelity National Financial, had net earnings of $251 million in the second quarter, up from net......

Mortgage application volume drops after bounce back
Mortgage applications dipped as median home prices climbed and housing inventory continued to be squeezed. After rising 2.5% the week prior, the overall index decreased 2.5%, according to the......

Amazon Sells 1M+ Smart Home Devices On Prime Day; Apple Deletes Smart Doorbell Category
facebook Share to twitter Share to linkedin Amazon had its biggest smart home sales day yesterday in history, selling over a million smart home devices, the company said. On pretty much the same......

REALTORS® Build Momentum in Neighborhood Food Desert
next to a brand-new public transit station for the garden. They utilized NAR’s Placemaking grant to help fund the creation of the community garden. And on June 6, 2018, Columbus REALTORS®......

At midyear, Austin-area home sales remain on record pace
Despite dipping in June, Central Texas home sales were up in the first half of the year over the first six months of 2017, likely putting the region's housing market on track for another record......

Housing starts drop by most since 2016 to nine-month low
fell in June to the slowest pace in nine months, as higher mortgage rates and elevated costs for labor and materials pinch the housing market, government figures showed Wednesday. Residential......

Northeast Ohio home sales down 4.9% in June; prices up
June home sales couldn't keep pace with last year's levels. Regional home purchases slipped 4.9%, when compared with June 2017, according to listing-service data spanning 18 counties. Summit......

Mortgage rates move lower for Wednesday
Several closely watched mortgage rates were down today. The average rates on 30-year fixed and 15-year fixed mortgages both fell. On the variable-mortgage side, the average rate on 5/1 adjustable-rate......

Refinance rates ease for Wednesday
Trend Index. Want to see where rates are right now? See local mortgage rates. Average mortgage rates Last week Last updated July 17, 2018. Methodology: The rates you see above are Bankrate......

Americans reveal ideal ages for financial milestones
people, Stewart says. But many Americans find the idea of entering the housing market at a young age challenging. Today, the median age for first-time homebuyers is 32, according to the National......

Don’t know your mortgage rate? You could be costing yourself thousands
Those with adjustable rate mortgages may be good candidates for refinancing. As mortgage rates climb, so will your monthly payments. If you lock in a fixed-rate mortgage now, you may be able......

Fannie Mae cuts origination forecast again amid tepid home sales outlook
forecast for the third time this year, primarily due to fewer existing home sales and purchase mortgages. Fannie's projection for 2018 refinance volume did not change from the June edition of......

Five years ago Detroit was bankrupt. Now it's coming back
their homes, too. A number of efforts are under way to stem foreclosures, like reaching out to low-income households that may be eligible for tax assistance. The city makes sure landlords are......

FHFA, like CFPB, finds its constitutionality in doubt
limited impact; longer-term, if this decision stands, there could be even greater housing market volatility related to presidential elections," wrote Ed Mills, a policy analyst with Raymond James......