Home Values Hitting Bottom in 19 Markets: Zillow

Home Values Hitting Bottom in 19 Markets: Zillow

Home values in the United States rose 0.5 percent from February to March, which may not sound like much but represents the largest monthly increase since May 2006, according to Zillow’s first quarter market ...
Mortgage Applications Ease Despite Record Low Rates

Mortgage Applications Ease Despite Record Low Rates

Despite the lowest contract interest rates recorded by the Mortgage Bankers Association, applications for home loans decreased last week compared to the previous week. The Market Composite Index, a measure of mortgage ...
New Home Sales Slip in March, But February’s Revised Up

New Home Sales Slip in March, But February’s Revised Up

Sales of new U.S. single-family homes fell in March to the lowest level in fourth months, but the figure managed to beat housing market projections. The prior month’s sales number was revised higher. The Commerce ...
Home Prices See New Lows in 9 Cities, 20-City Index Falls

Home Prices See New Lows in 9 Cities, 20-City Index Falls

Home prices in nine U.S. cities  – and a closely-watched 20-city national index on home prices – posted new post-crisis lows in February, according to the latest update from S&P/Case-Shiller. The nine cities ...
Distressed Properties Down to 29% of March Home Sales

Distressed Properties Down to 29% of March Home Sales

Sales of existing homes were down in March, but outpaced year-ago levels as inventory tightened and home prices stabilized, according to the National Association of Realtors. Meanwhile, the portion of sales that ...
Fixed-Rate Mortgages Up Slightly; 5-Year ARM Sets New Low

Fixed-Rate Mortgages Up Slightly; 5-Year ARM Sets New Low

Average fixed mortgage rates edged higher this week as signs indicate inflation remains stable, according to Freddie Mac. Meanwhile, the average 5-year ARM hit a new all-time low of 2.78 percent, from its previously ...
HARP ReFi Program Fuels Surge in Mortgage Applications

HARP ReFi Program Fuels Surge in Mortgage Applications

A refinancing surge spurred an increase of 6.9 percent in overall mortgage applications compared to a week earlier, according to data from the Mortgage Bankers Association for the week ending April 13, 2012. A revisiting ...
U.S. Bancorp Sees Strong Loan Growth, Reduced Credit Risk

U.S. Bancorp Sees Strong Loan Growth, Reduced Credit Risk

U.S. Bancorp’s first-quarter profit surged 28 percent as growth in commercial and residential real estate lending combined with reduced credit costs. The Minneapolis-based lender, the 9th largest bank in the ...
Tight Credit, Foreclosures Drag Down Builders’ Outlook

Tight Credit, Foreclosures Drag Down Builders’ Outlook

Tight credit, competition from foreclosures and an ongoing problem with getting accurate appraisals continue to depress the outlook of new home builders. Builders’ confidence in the market for new, single-family ...
Mortgage ReFi’s, Credit Quality Propel JPMorgan Chase Profit

Mortgage ReFi’s, Credit Quality Propel JPMorgan Chase Profit

JPMorgan Chase, the nation’s largest bank by assets, reported that mortgage loan volumes were $59.9 billion during the first quarter, up a significant 33 percent from the prior year and 14 percent from the prior ...
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