Survey

Oct. 12, 2017

Mortgage Rates Rise To Three Month High

Average mortgage rates moved higher last week, according to new data from the Mortgage Bankers Association. Their Weekly Applications Survey found rates up across all loan categories, including 30-year fixed-rate loans with both conforming and jumbo balances, loans backed by the Federal Housing Administration, and 15-year fixed-rate loans. Mortgage rates …

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Oct. 5, 2017

Mortgage Rates Moved Slightly Higher Last Week

According to the Mortgage Bankers Association's Weekly Applications Survey, average mortgage rates increased last week across most loan categories, including 30-year fixed-rate loans with conforming loan balances of $424,100 or less. Though the rate increases were small compared to the week before, they keep rates higher than they were last …

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Sept. 28, 2017

Mortgage Rates Jump But Buyers Stay Active

According to the Mortgage Bankers Association's Weekly Applications Survey, average mortgage rates increased last week across all loan categories, including 30-year fixed-rate mortgages with both conforming and jumbo balances, loans backed by the Federal Housing Administration, and 15-year fixed-rate loans. The increase brought rates to their highest level in a …

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Sept. 27, 2017

Economic Optimism Drives Demand For Homes

A new survey from the National Association of Realtors shows Americans are optimistic about their economic situation and increasingly think now is a good time to buy or sell a home. The quarterly survey found a spike in both the number of current renters who think …

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Sept. 21, 2017

Mortgage Rates Mostly Steady Last Week

According to the Mortgage Bankers Association's Weekly Applications Survey, average mortgage rates were mostly steady last week, with small increases seen for 30-year fixed-rate mortgages, loans backed by the Federal Housing Administration, and 15-year fixed-rate loans. Average rates for jumbo loans fell slightly from the week before. Despite mortgage rates …

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Sept. 18, 2017

Renting A Home Is Getting More Expensive

Many people assume that renting is always going to be cheaper than buying a house. Mostly, this is because of the upfront costs associated with buying. Having to come up with closing costs and a down payment, in addition to taking on a monthly mortgage payment can be intimidating for …

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Sept. 15, 2017

Do Millennials Care About Homeownership?

The American Dream is an abstract concept but always seems to include the idea of owning a home. Buying a home, for generations of Americans, has been seen as an achievement to strive for and be proud of. But do young Americans today feel the same way about homeownership? Well, …

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Sept. 14, 2017

Mortgage Rates At Lowest Level In Nearly A Year

According to the Mortgage Bankers Association's Weekly Applications Survey, average mortgage rates fell last week for 30-year fixed-rate loans with conforming loan balances, loans backed by the Federal Housing Administration, and 15-year fixed-rate mortgages. The decline continues a downward trend that started in mid-July. At this point, mortgage rates are …

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Sept. 8, 2017

Americans See A Good Opportunity To Sell

For many years, when home prices and mortgage rates were both lower than normal, home buyers had a historic opportunity to find a great deal and lock in an excellent rate. These days, though mortgage rates remain historically low, home prices have rebounded and, in some markets, surpassed previous peaks. …

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Sept. 7, 2017

Rate Drop Spurs Mortgage Application Demand

According to the Mortgage Bankers Association's Weekly Applications Survey – which covers more than 75 percent of all retail residential mortgages – average mortgage rates fell last week across all loan categories and are at their lowest level since last November. Rates fell significantly for 30-year fixed-rate mortgages with …

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