Mortgage Applications Increase as Rates Sink

December 6, 2012 (Chris Moore)

Mortgage applications for both home purchases and refinances increased last week as three out of the five mortgage rate categories either matched or set record lows according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending November 30, 2012.

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Fixed Mortgage Rates Drop During October

December 4, 2012 (Jeff Alan)

The average interest rates for conventional 30-year fixed rate single-family, fully amortized, purchase-money mortgages decreased from 3.76 percent in September to 3.62 percent in October according to the Federal Housing Finance Agency’s (FHFA) Monthly Interest Rate Survey.

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New Home Sales Dip Slightly in October

December 4, 2012 (Chris Moore)

The shrinking inventory of existing homes continued to be good news for the nation’s new home builders as sales in October held fairly steady from the previous month and remained well above last year’s levels according to the latest housing data released by the Census Bureau.

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Mortgage Delinquencies Fall in October

December 3, 2012 (Shirley Allen)

Mortgage delinquencies fell by 4.91 percent in October after spiking by 7.72 percent in September and are 7.19 percent below last year’s pace according to the latest “First Look” Mortgage Report released by Lender Processing Services (LPS).

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