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Mortgage Bankers Association for the week of  5/12/2010 Market Composite Index: (loan application volume)   increased 3.9 percent on a seasonally adjusted basis from one week earlier Refinance Index: increased 14.8 percent from the previous week and the seasonally adjusted Purchase Index decreas...

30-year fixed-rate mortgage: Averaged 4.93 percent with an average 0.7 point for the week ending May 13, 2010, down from last week when it averaged 5.00 percent. Last year at this time, the 30-year FRM averaged 4.86 percent. The 30-year FRM has not been lower since the week ending December 10, 20...

Good news for people who lost their home because of financial problems, or did a short sale to avoid foreclosure. Typically, Fannie requires a five year wait period before owners can requalify. Now you may not have to wait the typical four or five years to re-qualify for financing for another ho...

Rates Mostly Unchanged This Week  30-year fixed-rate mortgage: Averaged 5.06 percent with an average 0.7 point for the week ending April 29, 2010, down slightly from last week when it averaged 5.07 percent. Last year at this time, the 30-year FRM averaged 4.78 percent. The 15-year fixed-rate mor...

We Have One, But It Wont Feel Like it Case-Shiller released their index of home prices in 20 cities and it rose 0.6 percent in February over last year. Existing home prices advanced 0.4%, as sales climbed for the first time in four months. We’ve turned a corner with housing," said economist Karl ...

Rates Mostly Unchanged This Week  30-year fixed-rate mortgage: Averaged 5.07 percent with an average 0.7 point for the week ending April 22, 2010, unchanged from last week when it averaged 5.07 percent. Last year at this time, the 30-year FRM averaged 4.80 percent. The 15-year fixed-rate mortgag...

Market Composite Index: (loan application volume)   increased 13.6 percent on a seasonally adjusted basis from one week earlier.  On an unadjusted basis, the Index increased 13.9 percent compared with the previous week. Treasury rates fell last week causing a decline in mortgage rates.  As a res...

                                                                              The longer term outlook for apartments remains good.In 2008 sales was down by more than 60% over 2007 peak with sales volume dropping by 77% over same period a year earlier. The big banks are beginning to loosen up and...

Rates Ease a Bit This Week  30-year fixed-rate mortgage: Averaged 5.07 percent with an average 0.6 point for the week ending April 15, 2010, down from last week when it averaged 5.21 percent. Last year at this time, the 30-year FRM averaged 4.82 percent. The 15-year fixed-rate mortgage: Averaged...

Mortgage Bankers Association for the week of  4/14/2010 Market Composite Index: (loan application volume)   decreased 9.6 percent on a seasonally adjusted basis from one week earlier. This is the third lowest Market Index recorded in the survey since the end of June 2009. Refinance Index: decrea...