Tag Archives: mortgage rates

Fannie Mae/Freddie Mac Dilemma Won’t End Soon

Posted on June 16, 2013 by Popular Economics Weekly

Popular Economics Weekly The U.S. Treasury is in a bind. Everyone seems to agree that Fannie and Freddie, wards of the government should be downsized, but how to do it without damaging the housing recovery? Extreme conservatives even want to … Continue reading →

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Existing-Home Sales, Inventories Climbing

Posted on May 22, 2013 by Popular Economics Weekly

The Mortgage Corner Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, increased 0.6 percent to a seasonally adjusted annual rate of 4.97 million in April, reports the National Association of Realtors. This could … Continue reading →

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January Housing Prices, Mortgages, Surging

Posted on March 7, 2013 by Popular Economics Weekly

The Mortgage Corner CoreLogic reported that home prices nationwide, including distressed sales, increased on a year-over-year basis by 9.7 percent in January 2013 compared to January 2012. This change represents the biggest increase since April 2006 and the 11th consecutive … Continue reading →

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Mortgage Activity Continues To Improve

Posted on February 6, 2013 by Popular Economics Weekly

The Mortgage Corner Increasing mortgage purchase and refinance activity, key forward looking indicators of our housing market, show 2013 should be a great year for housings’ continued recovery. The Mortgage Bankers Association reported its Refinance Index increased 4 percent from … Continue reading →

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Home Sales Surging

Posted on December 20, 2012 by Popular Economics Weekly

The Mortgage Corner Total existing home sales are accelerating, and prices are rising along with declining inventories. Sales that include single-family homes, townhomes, condominiums and co-ops, rose 5.9 percent to a seasonally adjusted annual rate of 5.04 million in November … Continue reading →

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New-Home Sales, Mortgages Boosting Growth

Posted on October 25, 2012 by Popular Economics Weekly

The Mortgage Corner Following the 15 percent housing construction bump in September, new-home sales rose 11.7 percent and are up 27 percent over September 2011, as inventories have shrunk to a meager 4.5 months, especially at the affordable level. The … Continue reading →

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Shadow Housing Inventory, Foreclosures Fall

Posted on October 10, 2012 by Popular Economics Weekly

The Mortgage Corner CoreLogic reported the current residential shadow inventory as of July 2012 fell to 2.3 million units, representing a supply of six months. This was a 10.2 percent drop from July 2011, when shadow inventory stood at 2.6 … Continue reading →

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Foreclosures Down, Mortgage Activity Surging

Posted on October 4, 2012 by Popular Economics Weekly

The Mortgage Corner The Mortgage Bankers Association reported that its Refinance Index increased 20 percent from the previous week. This was the highest Refinance Index recorded in the survey since April of 2009. The seasonally adjusted Purchase Index increased 4 … Continue reading →

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Existing-Home Sales Improve

Posted on September 22, 2012 by Popular Economics Weekly

Financial FAQs Home resales rose in August to their highest rate in more than two years and groundbreaking on new homes also climbed, signs that a budding housing market recovery is gaining traction. The National Association of Realtors said that … Continue reading →

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What to Do With Lowest Mortgage Rates in History?

Posted on June 6, 2012 by Popular Economics Weekly

The Mortgage Corner Mortgage rates are the lowest since the Mortgage Bankers Association survey began in the 1970s, at 3.91 percent for the conforming 30-year fixed rate, but actually lower with many lenders. I am seeing rates as low as … Continue reading →

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