ri mortgage rates: Home Sales On Fire During Polar Vortex
- 02/16/19 07:16 AM
While the country was braving frigid temperatures during the polar vortex, new home sales were on fire. The Mortgage Bankers Association reported a substantial increase in sales of newly built homes last month. The Builder Application Survey (BAS) conducted by the Mortgage Bankers Association indicates sales increased by over 40 percent compared to December 2018 and were at the the same pace as January 2018. As noted in Mortgage News Daily, Joel Kan, MBA's Associate Vice President of Economic and Industry Forecasting said, "After two lackluster months, new home sales surged almost 30 percent in January to the fastest pace since our survey began in 2013. The … (5 comments)
ri mortgage rates: Interest Rates Remain At Recent Levels With Signs Of Increasing
- 01/27/19 05:19 AM
note that the government shutdown which began on December 22 has caused delays in the release of some economic reports produced by government agencies and likely will continue to do so as long as it is in effect. It is generally not known in advance when the impacted data will be ready to be released. … (0 comments)
ri mortgage rates: Little Rocket Man A Frenemy To Mortgage Rates While Feds Taper Assets
- 09/23/17 06:17 AM
George DeVine is a residential mortgage banker and the RI branch manager with Atlantic Home Loans. George has nearly thirty year's experience in the business and would welcome a call or email if you're looking for expert consultation for your next real estate purchase. gdevine@goahl.com 401 301 0130.
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