After jumping 5.5% in February, pending home sales dipped 0.8% in March, according to the National Association of Realtors (NAR). Still, pending home sales were up 0.8% compared with March 2016. The month-over-month dip in March was not due to [Read More]
“Pam is an exceptional choice for the position,” says David H. Stevens, president and CEO of the Mortgage Bankers Association
After hitting a low for the year, mortgage rates were back on the rise this week, with the average rate for a 30-year, fixed-rate mortgage (FRM) rising to 4.03%, up from 3.97% the previous week, according to Freddie Mac’s Primary [Read More]
New home sales in March were at a seasonally adjusted annual rate of about 621,000, an increase of 5.8% compared with a revised rate of about 587,000 in February and an increase of 15.6% compared with about 537,000 in March [Read More]
Primary Residential Mortgage Inc. (PRMI) reports that it has opened a new brick-and-mortar location in Miami. The new location at The Crossings is under the management of Cary Roque-Valdovinos. The team at the new branch has a combined 35 years [Read More]
A surge in applications for refinances linked to a recent drop in mortgage interest rates caused mortgage application volume to increase 2.7% on an adjusted basis during the week ended April 21, according to the Mortgage Bankers Association’s (MBA) Weekly [Read More]
Optimal Blue, which offers a “digital marketplace” of loan data and analytics, as well as loan pricing and mortgage hedging software solutions, is now integrated with Total Expert Inc., a developer of marketing software for the mortgage and real estate [Read More]
U.S. home prices increased 0.4% on an adjusted basis in February compared with January and increased 5.8% compared with February 2016, according to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index. Not only was it the fourth consecutive month [Read More]
Mortgage industry veteran Gerry Fernandez recently joined Alterra Home Loans, the second-largest Hispanic-owned mortgage company and one of the fastest-growing origination firms, as vice president of sales. Fernandez is a 20-year veteran of the loan origination business. Previously, he was [Read More]
Leslie Chappel, a top-producing mortgage originator in the Louisville, Ky., area, has joined Draper and Kramer Mortgage Corp. (DKMC) as vice president of residential lending. Chappel was DKMC’s first hire in Louisville, where the company recently celebrated the grand opening [Read More]
Existing-home sales in March reached an annual pace of 5.71 million, up 4.4% from a downwardly revised 5.47 million in February and up 5.9% compared with March 2016, according to the National Association of Realtors (NAR). It was the strongest [Read More]
Housing starts in March were at a seasonally adjusted annual rate of 1.215 million, a decrease of 6.8% compared with a revised 1.303 million in February but an increase of 9.2% compared with 1.113 million in March 2016, according to [Read More]
Applications for mortgages for new home purchases increased 23% in March compared with February and increased 6.7% compared with March 2016, according to the Mortgage Bankers Association’s (MBA) Builder Application Survey (BAS). This change does not include any adjustment for [Read More]
A lack of affordability and tight supply resulted in a significant decrease in vacation home sales in 2016, a report from the National Association of Realtors (NAR) shows. The firm’s Investment and Vacation Home Buyers Survey shows that vacation home [Read More]
A return of winter weather that affected the construction segment, plus sharp job losses in the retail sector, caused the March jobs report to come in much lower than expected.
California mortgage lender Luther Burbank Savings has pledged to loan $50 million to first-time homebuyers via its popular “Grow” mortgage product and “Daisy” down payment assistance product. “Grow” is a fixed-rate 30-year conventional community mortgage with a down payment option [Read More]
A survey of potential home buyers shows that many are willing to go a surprising $37,809 over budget to get into their dream homes. The survey of more than 1,200 consumers conducted by Owners.com shows that more than half (55%) [Read More]
Uncertainty in connection with the Trump administration’s policies and proposals is yet to have an impact on consumers’ psyches.
Low supply in the affordable price range continues to be the “pest” that’s pushing home prices
Permit activity shows that the trend is likely to continue into spring.