Mortgage Insights

Get the latest mortgage news and other insights into the home loan industry from the at Bank of Internet USA.

 

Existing Home Sales Higher in January Despite Adverse Conditions

Feb 23, 2017 - According to the latest data from the National Association of Realtors (NAR), seasonally adjusted existing home sales in all categories reached a yearly rate of 5.69 million last month. This is 3.3% higher than the 5.51 million recorded in December and 3.8% higher than the 5.48 million recorded...

Full Story

Mortgage Rates Slightly Higher Before Release of Fed Minutes

Feb 22, 2017 - US mortgage rates increased marginally on Tuesday, settling more or less in the center of the range that has been predominant since the middle of November. During the past three months, the average mortgage rate on a conventional 30-year fixed rate home loan has hovered between 4.0% and 4.5%. The...

Full Story

Single-Family Housing Starts Higher in January

Feb 21, 2017 - The total number of housing starts in the United States dropped by 2.6% last month, although the seasonally adjusted rate was still 10.5% higher than it was in January 2016. The main reason for this drop was the 7.9% decrease in multifamily starts, with single-family starts increasing by 1.9% to...

Full Story

Mortgage Rates Finally Take a Break After Recent Upsurge

Feb 17, 2017 - Over the past five business days, US homeowners have had very little to rejoice about, with mortgage rates steadily creeping higher. On Thursday, however, they finally found their footing again and some improvements were finally noted.   All of this did not happen at once. Yesterday’s first...

Full Story

December Foreclosures Lower Than Pre-Recession Average

Feb 16, 2017 - According to CoreLogic’s latest National Foreclosure Report, around 21,000 foreclosures were completed in December. This represented a drop of 8.1% compared with the figure of 23,000 recorded in November, and it was 40% lower than the 36,000 of December 2015. Moreover, it represented a drop of...

Full Story

123456Last