Archives
Bankrate: Mortgage Rates Drop Below 5 Percent Again
NEW YORK, N.Y. - January 6, 2011 - (RealEstateRama) -- Mortgage rates continue to yo-yo up and down, with the average rate on the benchmark conforming 30-year fixed mortgage rate falling back to 4.94 percent, according to Bankrate.com's weekly national survey. The average 30-year fixed mortgage has an average of 0.42 discount and origination points
Mortgage Applications Drop the Week Before Christmas and Increase the Week After in Latest...
WASHINGTON, D.C. - January 5, 2011 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the weeks ending December 24, 2010 and December 31, 2010. For the week ending December 24, 2010, the Market Composite Index, a measure of mortgage loan application volume, decreased 3.9 percent on a seasonally adjusted basis from the prior week. For the week ending December 31, 2010, this index increased 2.3 percent on a seasonally adjusted basis.
Freddie Mac Prices New $6 Billion Three-Year Reference Notes® Security
McLean, VA - January 5, 2011 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) announced today that it priced its new 1.375% $6 billion three-year USD Reference Notes® security due on February 25, 2014. The issue, CUSIP number 3137EACR8, was priced at 100 to yield 1.375%, or 27 basis points more than three-year U.S. Treasury Notes. The issue will settle on Thursday, January 6, 2011
Emerging Trends In Real Estate: The Americas® 2011 To Be Released In Israel; Forecast...
WASHINGTON, DC - January 3, 2011 - (RealEstateRama) -- Emerging Trends in Real Estate: The Americas® 2011, the oldest, most highly regarded annual industry outlook for the real estate and land use industry, will be released in Israel next month by the report’s co-publishers the Urban Land Institute and PricewaterhouseCoopers. The findings, which suggest tempered improvement within the U.S. commercial real estate market in the months ahead, will be discussed during a special program January 12 at the Leonardo City Tower Hotel in Ramat Gan. “Emerging Trends Conference: U.S. Real Estate Investment in 2011” is being sponsored by ULI and PWC in partnership with Gross, Kleinhendler, Hodak, Halevy and Greenberg and Company and Goulston and Storrs
Bankrate: Mortgage Rates Jump Again
NEW YORK, N.Y. - December 30, 2010 - (RealEstateRama) -- Mortgage rates climbed higher this week, with the average conforming 30-year fixed mortgage rising to 5.02 percent, according to Bankrate.com's weekly national survey. The average 30-year fixed mortgage has an average of 0.44 discount and origination points.
Rates Mostly Up in Freddie Mac Weekly Survey
McLean, VA - December 30, 2010 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), which saw all but the 1-year ARM rise. This brings 30-year mortgage rates back to levels seen in May of this year, while the 15-year ties levels not seen since June. Even so, mortgage rates remain incredibly low
Pending Home Sales Continue Recovery, Gradual Improvement Seen in 2011
Washington, DC - December 30, 2010 - (RealEstateRama) --Pending home sales rose again in November, with the broad trend over the past five months indicating a gradual recovery into 2011, according to the National Association of Realtors®
Federal Housing Finance Agency Reports Mortgage Interest Rates
Washington, DC - December 28, 2010 - (RealEstateRama) -- The Federal Housing Finance Agency today reported that the National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders, used as an index in some ARM contracts, was 4.42 percent based on loans closed in November. This is a decrease of 0.07 percent from the previous month.
Bankrate: Mortgage Rates Dip Below 5 Percent
NEW YORK, N.Y. - December 23, 2010 - (RealEstateRama) -- Mortgage rates pulled back slightly this week, with the average rate on the benchmark conforming 30-year fixed mortgage rate receding to 4.96 percent, according to Bankrate.com's weekly national survey. The average 30-year fixed mortgage has an average of 0.46 discount and origination points.
Mortgage Rates Ease Back a Little This Week
McLean, VA - December 23, 2010 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) today released the results of its (PMMS®), which found that both fixed-rate mortgage rates eased slightly this week. The 5-year hybrid ARM dropped back slightly, but the 1-year ARM rates were up
New-Home Sales Rise 5.5 Percent In November
WASHINGTON, D.C. - December 23, 2010 - (RealEstateRama) -- Sales of newly built, single-family homes increased 5.5 percent to a seasonally adjusted annual rate of 290,000 units in November, according to newly released figures from the U.S. Commerce Department. The gain represents a partial bounce-back from a near-record low, downwardly revised number of new-home sales in October.
Mortgage Applications Decrease in Latest MBA Weekly Survey
WASHINGTON, D.C. - December 22, 2010 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending December 17, 2010. The Market Composite Index, a measure of mortgage loan application volume, decreased 18.6 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 20.0 percent compared with the previous week.
Economic Outlook Brightens According to Fannie Mae’s Economics & Mortgage Market Analysis Group
WASHINGTON, DC - December 20, 2010 - (RealEstateRama) -- Improvements in consumer spending and consumer confidence, increased demand for goods and services, and falling unemployment claims are all positive factors for a brighter outlook as we move into 2011, according to the December 2010 Economic Outlook released today by Fannie Mae's (FNMA/OTC) Economics & Mortgage Market Analysis Group. Downside risks still exist, however, including a weaker than expected employment report, the ongoing economic turmoil in Europe, and potential inflation problems in China
Bankrate: Mortgage Rates Rise Significantly
NEW YORK, N.Y. - December 20, 2010 - (RealEstateRama) -- Mortgage rates increased again this week, with the average conforming 30-year fixed mortgage rate now 4.62 percent, according to Bankrate.com's weekly national survey. The average 30-year fixed mortgage has an average of 0.37 discount and origination points.
Bankrate: Mortgage Rates Hit 5%
NEW YORK, N.Y. - December 16, 2010 - (RealEstateRama) -- Mortgage rates soared again this week, with the average rate on the benchmark conforming 30-year fixed mortgage rate rising to 5 percent, according to Bankrate.com's weekly national survey. The average 30-year fixed mortgage has an average of 0.40 discount and origination points.
Mortgage Rates Continue to Climb
McLean, VA - December 16, 2010 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), which found that both fixed- and short-term mortgage rates continued to rise this week. This was the fifth week in a row where fixed-rate mortgage rates were up
Housing Starts Rise 3.9 Percent in November
WASHINGTON, D.C. - December 16, 2010 - (RealEstateRama) -- Nationwide housing starts rose 3.9 percent in November to a seasonally adjusted annual rate of 555,000 units from an upwardly revised number in the previous month, according to newly released data from the U.S. Commerce Department. This marked the first upward movement in new-home production since August, and was entirely attributable to a nearly 7 percent gain in single-family home building.
U.S. MULTI-HOUSING VACANCY RATE EXPECTED TO HOLD STEADY IN 2011 BEFORE FALLING FURTHER IN...
Boston, MA - December 15, 2010 - (RealEstateRama) -- The U.S. multi-housing vacancy rate is expected to remain relatively stable through 2011, ending the year at 5.8%, before falling further to 5.3% during the course of 2012, according to a new forecast from CBRE Econometric Advisors (CBRE-EA). Multi-family property demand will remain solid, continuing a trend that began when the vacancy rate peaked at 7.4% at the end of 2009.
Mortgage Applications Decrease in Latest MBA Weekly Survey
WASHINGTON, D.C. - December 15, 2010 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending December 10, 2010. The Market Composite Index, a measure of mortgage loan application volume, decreased 2.3 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 2.7 percent compared with the previous week.
Mortgage Fraud Suspicious Activity Reports Rise 7 Percent Increase in the First Half of...
VIENNA, VA - December 14, 2010 - (RealEstateRama) -- The Financial Crimes Enforcement Network (FinCEN) today released two mortgage fraud reports entitled Mortgage Loan Fraud SAR Filings, which together cover the first six months of 2010; one report covers January through March 2010, and the other covers April through June 2010.