“Mortgage rates fell to their lowest level in over a month last week, with the 30-year fixed rate decreasing to 6.69%. The recent strength in purchase activity continues, supported by lower rates and higher inventory levels, which are giving prospective buyers more options compared to earlier in the year.”
–Joel Kan, MBA’s Vice President and Deputy Chief Economist
Mortgage applications increased 2.8% from one week earlier, according to MBA’s Weekly Mortgage Applications Survey for the week ending Nov. 29.
Home prices rose just 0.02% in October, CoreLogic reported in its U.S. Home Price Insights report.
Industry news from Arrival Home Loans, Ardley, Fitch and STRATMOR Group.
StorageCafe, Santa Barbara, Calif., released its latest housing growth analysis, covering almost the past two decades and revealing key trends.
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The drop in mortgage business hasn’t been a sinking ship for all. Some banks remain successful and continue to prosper with their mortgage business. How were some able to weather the storm when others abandoned ship?
Join the Mortgage Action Alliance Quarterly Webinar Post-Election Briefing on Wednesday, Dec. 4, from 3:00 PM – 4:00 PM ET.
Meet us at the JW Marriott Phoenix Desert Ridge, December 11-13, for MBA’s Accounting and Financial Management Conference, the premier annual gathering for accountants and financial managers in real estate finance.
Realtor.com recently reported that across the top 50 major metro areas, median asking rent stood at $1,720.
