News

News

16 November 2019

Design | 7 Futuristic Materials Having a Moment

Sotheby’s International Realty Corona Del Mar, California What makes a house truly feel like a home? Aside from the events that take place between its walls, much of a home’s personality is found in the materials, textures, and accents that bring it together. While it can be time-consuming to keep up with the latest design trends—especially […]

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16 November 2019

FHA Capital Level Is The Highest Since 2007

HousingWire Montgomery on cutting life-of-loan policy: “We’re not there yet”. The Federal Housing Administration’s flagship Mutual Mortgage Insurance Fund is in the best condition since before the financial crisis, with capital levels at the highest level since 2007. The FHA’s annual report to Congress showed a capital ratio of 4.84%, up from 2.76% last year. That’s from a […]

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15 November 2019

Freddie Mac: U.S. Economic Optimism Spurs Growth In Mortgage Rates

HousingWire This week, the 30-year fixed-rate mortgage averaged 3.75%. This week, the average U.S. fixed rate for a 30-year mortgage rose to 3.75%. That’s 6 basis points above last week’s 3.69% but still more than a percentage point below the 4.94% of the year-earlier week, according to the Freddie Mac Primary Mortgage Market Survey. The modest uptick in mortgage rates over the […]

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15 November 2019

Mortgage Delinquencies Fall To 25-Year Low

HousingWire Inventory of homes in foreclosure reaches 34-year low. The share of U.S. homeowners who were late paying mortgages fell to an almost 25-year low in the third quarter as a strong labor market helped borrowers pay their bills on time, the Mortgage Bankers Association said on Thursday. The delinquency rate fell to 3.97% in the third quarter, the […]

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14 November 2019

Mortgage Rates Tick Up

Freddie Mac Freddie Mac today released the results of its Primary Mortgage Market Survey®, showing that the 30-year fixed-rate mortgage (FRM) averaged 3.75 percent. “The modest uptick in mortgage rates over the last two months reflects declining recession fears and a more sanguine outlook for the global economy,” said Sam Khater, Freddie Mac’s Chief Economist. “Due […]

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14 November 2019

Bidding War Competition Drops To 10-Year Low In October, Other Than San Francisco and San Jose: Redfin

HousingWire Bidding wars in San Francisco and San Jose hit new highs for the year. Although the nation’s low-interest rates continue to drive purchasing demand, a report from Redfin indicates America’s bidding competition weakened in October. According to the company, 10% of purchasing offers made on its site faced a bidding war during the month. Not only is […]

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13 November 2019

Mortgage Applications Rise To The Highest Level In More Than A Month

HousingWire Refinance applications also climb to the highest level in five weeks. Despite last week’s climb in mortgage rates, the Mortgage Bankers Association indicates demand for both purchase and refinance applications held steady, as mortgage applications rose by 9.6%. This means on an unadjusted basis, the index jumped 9.6% for the week ending on Nov. 8, 2019. […]

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13 November 2019

Building Lot Prices Reach Record High, NAHB Says

HousingWire The median price of a single-family building lot rise 4.4% to $49,500. Land prices reached a record high in 2018, the National Association of Home Builders said on Monday. The median price of a single-family building lot rose to $49,500 in 2018, a 4.4% gain from a year earlier, the NAHB. That’s about double the rate […]

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12 November 2019

Homeownership Rate Remains On The Rise

KCM In the third quarter of 2019, the U.S. homeownership rate rose again, signaling another strong indicator of the current housing market. The U.S. Census Bureau announced, “The homeownership rate of 64.8 percent was not statistically different from the rate in the third quarter 2018 (64.4 percent), but was 0.7 percentage points higher than the rate in […]

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11 November 2019

Fed’s Climate Conference Cites Housing Impact

HousingWire It’s “an economic issue we can’t afford to ignore,” said the president of the San Francisco Fed. The Federal Reserve held its first-ever conference addressing climate change on Friday. One of the topics was the threat posed to the housing market by changes in weather patterns. “Higher sea levels, heavier rainfalls, dryer conditions, and the associated fallout can […]

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