Moving can be stressful, tedious, and frustrating at any time of year, and winter poses particularly challenging problems. But when you find your dream home, you can’t hesitate! Buying a house in winter sets you up to move during the
MARKET COMMENT
Mortgage bond prices finished the week near unchanged to slightly positive which kept rates in check. We started the week on a positive note Monday morning amid no data as rates improved slightly. The positive movement was short-lived as
It was no surprise to the markets that the Federal Reserve Board did not decide to raise or lower interest rates at their meeting last week. After three decreases this year, the Fed had given plenty of signals that they
The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for November 2019 shows mortgage applications for new home purchases increased 27.1 percent compared from a year ago. Compared to October 2019, applications decreased by 17 percent. This change does
The U.S. Department of Housing and Urban Development yesterday announced nearly $200 million in grant awards to 52 Native American Tribes and Tribally Designated Housing Entities (TDHEs) across the Nation for
You only have to read these predictions to understand the importance of this week’s employment report — Two Federal Reserve estimates of U.S. economic growth are predicting that gross domestic product will hardly expand in the fourth quarter. The Atlanta
Attorney General Gurbir S. Grewal and the Division on Civil Rights (DCR) announced today that the Division has issued a Finding of Probable Cause against a Morris County duplex owner for engaging in unlawful discrimination by refusing to accept a
Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing that the 30-year fixed-rate mortgage (FRM) averaged 3.68 percent.
“This week the economy sent mixed signals, leaving
Mortgage credit availability increased in November according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes data from Ellie Mae’s AllRegs® Market Clarity® business information tool.
The MCAI rose by 2.1 percent to
The share of refinances closed by millennials in October increased month-over-month, reaching a new high as interest rates on 30-year loans continued to decrease. According to the latest Ellie Mae Millennial Tracker, 34% of all loans closed by millennials in
