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RECENT BLOG POSTS
Mortgage Bankers Association for the week of  11/24/2010 Market Composite Index: (loan application volume)     increased 2.1 percent on a seasonally adjusted basis from one week earlier.  On an unadjusted basis, the Index increased 1.1 percent compared with the previous week. Refinance Index: de...
11/26/2010
30-year fixed-rate mortgage: Averaged 4.40 percent with an average 0.8 point for the week ending November 24, 2010, up slightly from last week when it averaged 4.39 percent. Last year at this time, the 30-year FRM averaged 4.78 percent.The 15-year fixed-rate mortgage: Averaged 3.77 percent with a...
11/26/2010
                  The Optimists Bank of America, JP Morgan Chase, Ally Financials GMAC mortgage division and PNC Financial, have all suspended home seizures in all 23 states where courts oversee foreclosures. Bank of America is halting foreclosures in all 50 states to examine its process. Past s...
11/09/2010
  Mortgage Bankers Association for the week of  11/3/2010 Market Composite Index: (loan application volume)     decreased 5.0 percent on a seasonally adjusted basis from one week earlier.  On an unadjusted basis, the Index decreased 5.3 percent compared with the previous week. Refinance Index: de...
11/04/2010
  30-year fixed-rate mortgage: Averaged 4.24 percent with an average 0.8 point for the week ending November 4, 2010, up slightly from last week when it averaged 4.23 percent.  Last year at this time, the 30-year FRM averaged 4.98 percent. The 15-year fixed-rate mortgage: Averaged 3.63 percent wit...
11/04/2010
    By some authorities, An estimated 5.5 million homeowners facing imminent foreclosure. The Obama Administration has provided some immediate relief with the HEMA program. HEMA will use up to $3 billion TARP to make funds available for unemployed homeowners and those suffering financial distress...
11/03/2010
A Recent Survey National Real Estate Investor and Marcus & Millichap 55% of all respondents to the survey believe that now is the time to buy apartments. Owners are beginning to see improvements in vacancy rates and rent rates are rising. We are coming off a low low bottom, but there is improvem...
11/03/2010
Mortgage Bankers Association for the week of  10/27/2010 Market Composite Index:(loan application volume)    increased 3.2 percent on a seasonally adjusted basis from one week earlier.  On an unadjusted basis, the Index increased 3.1 percent compared with the previous week. Refinance Index: incr...
10/31/2010
30-year fixed-rate mortgage:Averaged 4.21 percent with an average 0.8 point for the week ending October 21, 2010, up from last week when it averaged 4.19 percent. Last year at this time, the 30-year FRM averaged 5.00 percent. The 15-year fixed-rate mortgage: Averaged 3.64 percent with an average...
10/31/2010
  30-year fixed-rate mortgage: Averaged 4.27 percent with an average 0.8 point for the week ending October 7, 2010, down from last week when it averaged 4.32 percent. Last year at this time, the 30-year FRM averaged 4.87 percent. The 15-year fixed-rate mortgage: Averaged a record low of 3.72 perc...
10/17/2010
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