Mortgage Insights

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

 

US Housing Starts Higher Than Expected in March

Apr 18, 2018 - Homebuilding activity in the United States showed an unexpectedly sharp increase last month. This can mainly be attributed to an upsurge in the number of multi-family units constructed, although there was a drop in the number of single-family homes built. The Commerce Department announced...

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Weather Might Be Behind Slight Dip in Builder Confidence

Apr 17, 2018 - According to the NAHB/Wells Fargo Housing Market Index (HMI), there was another slight drop in builder confidence in the newly constructed market for single-family homes this month, with the reading dropping from 70 to 69. This is the third consecutive month during which this index has dropped....

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Mortgage Rates Stable, While Home Purchase Sentiment Improves

Apr 10, 2018 - US mortgage rates kicked off the new week either flat or marginally higher, with slight differences from one lender to the next. Even in those circumstances where lenders did increase rates, there was not much to write home about. This calmness in mortgage markets merely reflected the reality of...

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Prospective Buyers Spending More on Homes Than They Planned

Apr 4, 2018 - According to a new survey by real estate brokerage Owners.com, American home buyers are exceeding their budgets and even selling other property to buy the homes they want. The survey found that 33% of home buyers exceeded their budgets by an average of $16,510. The poll was conducted from...

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Housing Demand Unusually Low in February

Mar 28, 2018 - A report issued by Redfin yesterday shows that housing demand throughout all the biggest metropolitan areas in the United States dropped to its lowest level in 12 months in February. This was mainly the result of ongoing supply shortages, which discourages prospective buyers from actively...

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