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By Robert Fishel, on March 21st, 2012
Mortgage rates have been rising nonstop since the end of last week. If you are considering a refinance or taking the plunge and buying a new home, you’d better get moving. I just had a prospect shop rates and terms for his new home over the last couple of weeks and just called back; he finally decided on a lender and wanted an updated rate quote to lock his loan. Needless to say, he was terribly disappointed…the rates we originally spoke about on a 30 year fixed rate a couple of weeks ago was in the high 3’s, my quote yesterday was 4.25% (4.45% APR ). [...]
By News Desk, on February 9th, 2012
Freddie Mac today released the results of its Primary Mortgage Market Survey® (PMMS®), showing most average mortgage rates inching higher on January’s positive employment data. The 30-year fixed remained unchanged and at its all-time record low. One year ago at this time, the 30-year fixed averaged 5.05 percent. [...]
By Dennis Norman, on February 2nd, 2012
Today Freddie Mac released the results of its Primary Mortgage Market Survey, showing average mortgage rates have dropped to new all-time record lows! [...]
By Dennis Norman, on January 5th, 2012
This morning, Freddie Mac released the results of it’s Primary Mortgage Market Survey revealing that the interest rate on a 30-year fixed rate mortgage averaged 3.91 percent, matching the all-time low! Makes me want to go out and borrow some money! At this time last year, the interest rate on a 30-year fixed-rate mortgage averaged 4.77 percent. [...]
By Robert Fishel, on December 7th, 2011
Even though over the past few years, ARM’s (adjustable rate mortgages) have received somewhat of a “bad name”, there are truly benefits to them including: [...]
By Robert Fishel, on November 23rd, 2011
In this tighter credit environment, FHA remains to be a great alternative for buyers with limited resources for a down payment and closing costs or past credit problems. Underwriting guidelines are more lenient than conventional guidelines. [...]
By Dennis Norman, on September 29th, 2011
This morning, Freddie Mac released the results of it’s Primary Mortgage Market Survey revealing that the interest rate on a 30-year fixed rate mortgage averaged 4.01 percent, which is an all-time record low and the interest rate on a 15-year fixed rate mortgage averaged 3.28 percent, also an all-time record low! [...]
By Dennis Norman, on May 11th, 2011
According to the Mortgage Bankers Association (MBA) weekly mortgage applications survey released this morning, for the week ending March 18, 2011, the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) increased 6.7 percent from the week before. The four-week moving average for the index is up [...]
By Dennis Norman, on May 4th, 2011
According to the Mortgage Bankers Association (MBA) weekly mortgage applications survey released this morning, for the week ending April 29, 2011, the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) increased 0.3 percent from the week before. The four-week moving average for the index is down [...]
By Dennis Norman, on April 20th, 2011
According to the Mortgage Bankers Association (MBA) weekly mortgage applications survey released this morning, for the week ending April 15, 2011, the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) increased 10.0 percent from the week before to its highest level since December 3, 2010. The [...]
By Dennis Norman, on April 13th, 2011
According to the Mortgage Bankers Association (MBA) weekly mortgage applications survey released this morning, for the week ending April 8, 2011, the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) decreased 4.7 percent from the week before. The four-week moving average for the index is up [...]
By Dennis Norman, on April 6th, 2011
According to the Mortgage Bankers Association (MBA) weekly mortgage applications survey released this morning, for the week ending April 1, 2011, the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) increased 6.7 percent from the week before bringing it to the highest level this year thus [...]
By Dennis Norman, on March 23rd, 2011
According to the Mortgage Bankers Association (MBA) weekly mortgage applications survey released this morning, for the week ending March 18, 2011, the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) increased 2.7 percent from the week before. The four-week moving average for the index is up [...]
By Dennis Norman, on March 16th, 2011
According to the Mortgage Bankers Association (MBA) weekly mortgage applications survey released this morning, for the week ending March 11, 2011, the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) decreased 4.0 percent from the week before. The four-week moving average for the index is up [...]
By Dennis Norman, on March 9th, 2011
According to the Mortgage Bankers Association (MBA) weekly mortgage applications survey released this morning, for the week ending March 4, 2011, the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) increased 12.5 percent from the week before. The four-week moving average for the index is up [...]
By Dennis Norman, on March 2nd, 2011
According to the Mortgage Bankers Association (MBA) weekly mortgage applications survey for the week ending February 25, 2011, the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) decreased 6.1 percent from the week before. The four-week moving average for the index is down 2.2 percent.
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By Dennis Norman, on February 16th, 2011
According to the Mortgage Bankers Association (MBA) weekly mortgage applications survey for the week ending February 1, 2011, the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) decreased 5.9 percent from the week before. The four-week moving average for the index is down 1.9 percent.
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By Dennis Norman, on February 9th, 2011
According to the Mortgage Bankers Association (MBA) weekly mortgage applications survey for the week ending February 4, 2011, the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) decreased 1.4 percent from the week before. The four-week moving average for the index is down 0.8 percent.
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By Dennis Norman, on February 2nd, 2011
According to the Mortgage Bankers Association (MBA) weekly mortgage applications survey for the week ending January 28, 2011, the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) increased 9.5 percent from the week before.
[...]
By Dennis Norman, on January 12th, 2011
According to the Mortgage Bankers Association (MBA) weekly mortgage applications survey for the week ending January 7, 2011, the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) decreased 3.7 percent from the week before.
[...]
By Dennis Norman, on January 5th, 2011
According to the Mortgage Bankers Association (MBA) weekly mortgage applications survey for the week ending December 31, 2010, the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) decreased 0.8 percent from the week before.
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By Dennis Norman, on December 22nd, 2010
According to the Mortgage Bankers Association (MBA) weekly mortgage applications survey for the week ending December 10, 2010, the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) decreased 2.5 percent from the week before. The four-week moving average of home purchase mortgage applications is down 1.2 [...]
By Dennis Norman, on December 15th, 2010
According to the Mortgage Bankers Association (MBA) weekly mortgage applications survey for the week ending December 10, 2010, the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) decreased 5.0 percent from the week before. The four-week moving average of home purchase mortgage applications is up 2.6 [...]
By Dennis Norman, on December 8th, 2010
According to the Mortgage Bankers Association (MBA) weekly mortgage applications survey for the week ending December 3, 2010, the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) increased 1.8 percent from the week before. The four-week moving average of home purchase mortgage applications is up 2.8 [...]
By Dennis Norman, on December 1st, 2010
According to the Mortgage Bankers Association (MBA) weekly mortgage applications survey for the week ending November 26, 2010, the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) increased 1.1 percent from the week before. The four-week moving average of home purchase mortgage applications is up 3.8 [...]
By Dennis Norman, on November 24th, 2010
According to the Mortgage Bankers Association (MBA) weekly mortgage applications survey for the week ending November 19, 2010, the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase), after taking a dip last week following increases for the prior three consecutive weeks, increased 14.4 percent from the [...]
By Dennis Norman, on November 17th, 2010
According to the Mortgage Bankers Association (MBA) weekly mortgage applications survey for the week ending November 12, 2010, the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) after increasing three-c0nsecutive weeks, decreased 5.0 percent from the week before. The four-week moving average of home purchase mortgage [...]
By Dennis Norman, on November 10th, 2010
Dennis Norman
According to the Mortgage Bankers Association (MBA) weekly mortgage applications survey for the week ending November 5, 2010, the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) increased 5.5 percent from the week before marking the third consecutive weekly increase. The four-week moving average [...]
By Dennis Norman, on November 3rd, 2010
Dennis Norman
According to the Mortgage Bankers Association (MBA) weekly mortgage applications survey for the week ending October 29, 2010, the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) increased 1.4 percent from the week. The four-week moving average of home purchase mortgage applications is down [...]
By Dennis Norman, on October 27th, 2010
Dennis Norman
According to the Mortgage Bankers Association (MBA) weekly mortgage applications survey for the week ending October 22, 2010, the MBA Purchase Index (a measure of the volume of loan applications related to a home purchase) increased 3.9 percent from the week. The four-week moving average of home purchase mortgage applications is down [...]
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