Mortgage Insights

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

 

Consumer Sentiment About Housing Market Still Improving

Feb 8, 2018 - Fannie Mae’s Home Purchase Sentiment Index (HPSI) reached a record high of 89.5 last month after five of the six sub-indexes increased. This was 3.7 points higher than December’s figure and 6.8 points higher than a year ago. The only question for which positive responses did not improve was...

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Sharp Drop in Stock Prices Brings Relief for Homeowners

Feb 6, 2018 - US mortgage rates finally caught a break on Monday, dropping to levels close to those of last Thursday. This happened after the bond markets that underpin mortgage rate movements gained from yesterday’s extremely volatile stock market. Many people mistakenly believe that there is a linear...

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Pending Home Sales Slightly Higher Last Month

Feb 2, 2018 - In the third consecutive month of increases, pending home sales went up by 0.5% on a monthly basis in December, bringing the National Association of Realtors (NAR) Pending Home Sales Index to 110.1. The annual increase since December 2016 also came in at 0.5%. Contract signings rose by 2.6% in...

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Mortgage Rates Remain Flat After Fed Comments

Feb 1, 2018 - US mortgage rates managed to remain relatively flat on average on Wednesday, with some lenders offering slightly lower rates and others offering marginally higher ones. This was despite relatively bullish comments regarding economic prospects from the Fed. The Fed publishes a statement about...

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House Prices Now 6% Above 2006 Levels

Jan 31, 2018 - The supply shortage in the US housing market is not getting any better right now, and home prices are still increasing sharply in response. According to S&P CoreLogic Case-Shiller’s latest poll, home prices across the nation continued their strong increases in November, notching up an annual...

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