Category Archives: Mortage/ Finance News

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Average Time to Close: 44 Days

Daily Real Estate News | Friday, May 20, 2016 For the second consecutive month, the average time to close all loans stayed at 44 days, suggesting that new mortgage rules that took effect this fall are having less of an … Continue reading

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Mortgage Rates Drop to 3-Year Lows

Daily Real Estate News | Monday, May 16, 2016 The 30-year fixed-rate mortgage averaged 3.57 percent in the most recent week, the lowest average in three years, Freddie Mac reports in its weekly mortgage market survey. “Disappointing April employment data … Continue reading

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4 Factors Boosting Housing This Month

Daily Real Estate News | Monday, April 18, 2016 Warmer weather across the country is drawing more people to look at open houses and available homes this month, says Jonathan Smoke, realtor.com®’s chief economist. Here are four current housing market … Continue reading

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NW Dominates Home Price Increases

Daily Real Estate News | Wednesday, April 06, 2016 Western states dominate the list of states seeing the largest year-over-year increases in sales prices. But there is a notable exception — California. Instead, the state of Washington is posting the … Continue reading

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Fed Leaves Rates Alone: What This Means for Mortgages

Daily Real Estate News | Thursday, March 17, 2016 The Federal Reserve announced Wednesday that it will not raise interest rates as quickly as they had originally anticipated. The Fed dimmed its outlook as the economy showed signs of slowing. … Continue reading

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Mortgage Rates Reverse Course, Inch Higher

Daily Real Estate News | Friday, March 04, 2016 For the first time in two months, mortgage rates edged higher this week. “Treasury yields approached their highest level in a month, boosting the 30-year mortgage 2 basis points this week … Continue reading

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Mortgage Rates Are Staying Below 4%

Daily Real Estate News | Friday, October 16, 2015 Interest rates may remain lower longer than originally expected. The Federal Reserve released recent comments that suggested it may continue to hold off in raising short-term interest rates and weaker-than-expected consumer … Continue reading

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New Mortgage Rules Soften Loan Demand

Daily Real Estate News | Wednesday, October 14, 2015 The rate of mortgage applications has been volatile in recent weeks: The latest numbers show applications dipped 27.6 percent week-over-week on a seasonally adjusted basis for the week ending Oct. 9, the … Continue reading

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Mortgage Rates Edged Higher This Week

 Daily Real Estate News | Friday, September 04, 2015 The 30-year fixed-rate mortgage averaged 3.89 percent this week, up slightly from 3.84 percent last week, on the heels of global economic turmoil and a lack of new information on The … Continue reading

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