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RECENT BLOG POSTS
Mortgage Bankers Association for the week of  07/28/2010 Market Composite Index: (loan application volume) increased 1.3 percent on a seasonally adjusted basis from one week earlier. Refinance Index:  increased 1.3 percent from the previous week Purchase Index: increased 1.5 percent from one wee...
08/05/2010
30-year fixed-rate mortgage: Averaged 4.49 percent with an average 0.7 point for the week ending August 5, 2010, down from last week when it averaged 4.54 percent. Last year at this time, the 30-year FRM averaged 5.22 percent. The 15-year fixed-rate mortgage: Averaged a record low of 3.95 percent...
08/05/2010
30-year fixed-rate mortgage: Averaged 4.54 percent with an average 0.7 point for the week ending July 29, 2010, down from last week when it averaged 4.56 percent. Last year at this time, the 30-year FRM averaged 5.25 percent. The 15-year fixed-rate mortgage: Averaged a record low of 4.00 percent ...
07/29/2010
Mortgage Bankers Association for the week of  07/28/2010 Market Composite Index: (loan application volume) decreased 4.4 percent on a seasonally adjusted basis from one week earlier Refinance Index:  decreased 5.9 percent from the previous week. Purchase Index: increased 2.0 percent from one wee...
07/29/2010
The number of homeowners missing their first payment on their mortgage declined  from May to June and number of loans in foreclosure was flat at nearly 2 million. Delinquencies and Foreclosures remain stable but elevated with two loans deteriorating for every one that has improved. see chart here...
07/28/2010
Mortgage Bankers Association for the week of  07/07/2010 Market Composite Index: (loan application volume) increased 6.7 percent on a seasonally adjusted basis from one week earlier.  On an unadjusted basis, the Index increased 6.5 percent compared with the previous week. Refinance Index: increa...
07/11/2010
  30-year fixed-rate mortgage: Averaged 4.57 percent with an average 0.7 point for the week ending July 8, 2010, down from last week when it averaged 4.58 percent. Last year at this time, the 30-year FRM averaged 5.20 percent. This rate is yet another all-time low in Freddie Mac’s 39-year surve...
07/11/2010
30-year fixed-rate mortgage: Averaged 4.58 percent with an average 0.7 point for the week ending July 1, 2010, down from last week when it averaged 4.69 percent. Last year at this time, the 30-year FRM averaged 5.32 percent.The 15-year fixed-rate mortgage: Averaged 4.04 percent with an average 0....
07/05/2010
Market Composite Index: (loan application volume)   increased 8.8 percent on a seasonally adjusted basis from one week earlier. Refinance Index: increased 12.6 percent from the previous week and is the highest Refinance Index observed in the survey since the week ending May 22, 2009. Purchase Ind...
07/05/2010
The U.S. House has passed a bill giving home buyers an extra three months to complete their purchases and still qualify for a generous tax credit.The Senate is working to reach an agreement with Republicans to pass the House-passed homebuyer tax credit closing date extension early as today. Alth...
06/30/2010
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