fha: Buy a house in Hudson, WI - Majority of Surveyed Consumers Say Now’s The Time To Buy - 05/15/12 04:17 AM
Fannie Mae’s April 2012 National Housing Survey finds Americans’ attitudes toward homeownership, the economy, personal finances, and home prices continuing to improve. A large majority of respondents say now is a good time to buy a house and an increasing number say it’s a good time to sell. Doug Duncan, vice president and chief economist of Fannie Mae, said after flat lining at depressed levels for more than a year, the growing number of consumers who feel it’s a good time to sell suggests rising optimism for the housing market. Among the other highlights of the survey, the number of respondents who … (0 comments)

fha: Buy a house in Woodbury, MN - Americans View Of Economic Conditions Continues To Improve - 05/14/12 02:15 AM
According to a Gallup poll tracking daily economic confidence, Americans’ view of the economy is increasingly positive and is now within one point of the highest level recorded since Gallup began daily tracking of economic confidence in 2008. Nearly half of respondents to the survey, which polled 3,426 adults across all 50 states and the District of Columbia, said they feel the economy is headed in the right direction and the percentage who feel things are getting worse has fallen more than 30 percent since October 2008, at the height of the financial crisis. But, despite reaching levels equal to the … (0 comments)

fha: Refinance Hudson, WI - Refinancing Homeowners Maintain Or Reduce Mortgage Debt In 1st Quarter - 05/14/12 12:57 AM
New data from Freddie Mac finds 79 percent of homeowners who refinanced their mortgage during the first quarter of 2012 reduced or maintained their principal balance. The number of borrowers who were able to maintain about the same loan amount after refinancing was the highest in the 26 years Freddie Mac has been tracking the data. Frank Nothaft, Freddie Mac’s vice president and chief economist, said the typical borrower reduced their mortgage rate by 1.5 percent which, on a $200,000 loan, would save them nearly $3,000 over 12 months. Also, HARP loans accounted for 20 percent of Freddie Mac’s refinance fundings … (0 comments)

fha: Refinance River Falls, WI - Refinancing Homeowners Maintain Or Reduce Mortgage Debt In 1st Quarter - 05/14/12 12:56 AM
New data from Freddie Mac finds 79 percent of homeowners who refinanced their mortgage during the first quarter of 2012 reduced or maintained their principal balance. The number of borrowers who were able to maintain about the same loan amount after refinancing was the highest in the 26 years Freddie Mac has been tracking the data. Frank Nothaft, Freddie Mac’s vice president and chief economist, said the typical borrower reduced their mortgage rate by 1.5 percent which, on a $200,000 loan, would save them nearly $3,000 over 12 months. Also, HARP loans accounted for 20 percent of Freddie Mac’s refinance fundings … (0 comments)

fha: Refinance Woodbury, MN - Refinancing Homeowners Maintain Or Reduce Mortgage Debt In 1st Quarter - 05/14/12 12:56 AM
New data from Freddie Mac finds 79 percent of homeowners who refinanced their mortgage during the first quarter of 2012 reduced or maintained their principal balance. The number of borrowers who were able to maintain about the same loan amount after refinancing was the highest in the 26 years Freddie Mac has been tracking the data. Frank Nothaft, Freddie Mac’s vice president and chief economist, said the typical borrower reduced their mortgage rate by 1.5 percent which, on a $200,000 loan, would save them nearly $3,000 over 12 months. Also, HARP loans accounted for 20 percent of Freddie Mac’s refinance fundings … (0 comments)

fha: Refinance Woodbury, MN - Mortgage Application Demand Rises As Rates Fall To New Low - 05/14/12 12:54 AM
According to the Mortgage Bankers Association’s Weekly Applications Survey, the Market Composite Index, which measures both refinance and purchase loan activity, rose 1.7 percent last week from the week before. The increase was due to growing demand for conventional rather than government loans. Demand in the government market was down last week but, despite the dip, the Purchase Index rose 3.4 percent and the Refinance Index increased 1.3 percent. The refinance share of all mortgage activity was 72.1 percent. The average contract interest rate for 30-year fixed-rate mortgages fell to 4.01 percent from 4.05 percent the week before. It was the lowest … (0 comments)

fha: Refinance Hudson, WI - Mortgage Application Demand Rises As Rates Fall To New Low - 05/14/12 12:53 AM
According to the Mortgage Bankers Association’s Weekly Applications Survey, the Market Composite Index, which measures both refinance and purchase loan activity, rose 1.7 percent last week from the week before. The increase was due to growing demand for conventional rather than government loans. Demand in the government market was down last week but, despite the dip, the Purchase Index rose 3.4 percent and the Refinance Index increased 1.3 percent. The refinance share of all mortgage activity was 72.1 percent. The average contract interest rate for 30-year fixed-rate mortgages fell to 4.01 percent from 4.05 percent the week before. It was the lowest … (0 comments)

fha: Refinance in River Falls, WI - Mortgage Application Demand Rises As Rates Fall To New Low - 05/14/12 12:51 AM
According to the Mortgage Bankers Association’s Weekly Applications Survey, the Market Composite Index, which measures both refinance and purchase loan activity, rose 1.7 percent last week from the week before. The increase was due to growing demand for conventional rather than government loans. Demand in the government market was down last week but, despite the dip, the Purchase Index rose 3.4 percent and the Refinance Index increased 1.3 percent. The refinance share of all mortgage activity was 72.1 percent. The average contract interest rate for 30-year fixed-rate mortgages fell to 4.01 percent from 4.05 percent the week before. It was the lowest … (0 comments)

fha: Buy a house in River Falls, WI - Improving Markets List Holds Steady In May - 05/14/12 12:46 AM
The National Association of Home Builders’ Improving Markets Index held steady at 100 in May, down from 101 in April. The number of represented states was also virtually unchanged from the month before at 35. The index determines improving housing markets based on metropolitan areas that have had at least six consecutive months of improved housing permits, employment, and home prices. In May, 17 new metros were added to the list, while 83 cities carried over from April. Barry Rutenberg, NAHB’s Chairman, said the fact that there are 100 markets across 35 states that are improving illustrates that the health of … (0 comments)

fha: Buy a house in River Falls, WI - Industry Insiders Say Housing Market Has Turned A Corner - 05/08/12 01:36 AM
Speaking at an economic conference in Washington, Shaun Donovan, secretary of the Department of Housing and Urban Development, said the housing market has turned a corner. Donovan cited sales statistics, the number of signed contracts, and the decreasing number of households falling into foreclosure as evidence that the market has made progress over the past few years. Donovan’s remarks echo the increasingly positive forecasts being released by industry insiders and market analysts. For example, Fitch Ratings’ most recent outlook says housing starts should see a 10 percent increase in 2012, with new home sales up 8.0 percent. And Capital Economics’ Paul … (0 comments)

fha: Buy a house in Woodbury, MN - Government Scorecard Finds Progress In Recent Housing Data - 05/07/12 02:59 AM
The U.S. Department of Housing and Urban Development and the U.S. Department of the Treasury’s monthly Housing Scorecard collects key market data and tracks the administration’s recovery efforts. The April report cites progress made in home sales and mortgage delinquencies but says there is continued fragility in the housing market. Mortgage delinquencies have declined for four straight months and existing-home sales are up more than five percent from last year’s level. Home prices, while still fragile, are beginning to show signs of stabilization and, in some markets, improvement. Also, inventory is at its lowest level in years, having fallen to levels typically … (0 comments)

fha: Bu a house in River Falls, WI - Job Creation Index Approaching Four-Year High - 05/04/12 01:07 AM
Gallup’s Job Creation Index rose another two points in April, increasing to 20 from 18 in March. The index, which began tracking job growth in January 2008, is at its highest level since July of that year and is approaching the highest score ever recorded by the index. Regionally, the Midwest and South led in job creation, with the West and East close behind. The West led all regions in year-over-year improvement, rising nine points from a year ago. Gallup’s survey also found that private-sector job growth continues to perform better than government employment. The Job Creation Index for the private … (0 comments)

fha: Buy a house in River Falls, WI - Foreclosure Levels Continue To Improve In March - 05/03/12 12:43 AM
The March Mortgage Monitor report from Lender Processing Services shows foreclosure starts down more than 31 percent from last year, despite a month-over-month increase. But even with the increase from February, the total number of foreclosure starts in March was much lower than the monthly totals from much of last year and the three years previous. The monthly increase was due, in part, to an acceleration in states where paperwork and procedural problems stalled the number of foreclosures being processed. According to the report, foreclosure inventory is nearly 2.5 times higher in judicial states, as opposed to non-judicial states where inventory … (0 comments)

fha: Refinance Hudson, WI - Mortgage Application Demand, Rates Unchanged From Last Week - 05/02/12 12:18 AM
According to the Mortgage Bankers Association’s Weekly Applications Survey, the Market Composite Index, which measures total mortgage loan application volume, was relatively flat last week, rising just 0.1 percent from the previous week. The slight increase was due to a 2.9 percent increase in the Purchase Index, which is now 3.0 percent higher than last year’s level. Refinance activity was also flat, falling less than one percent. The average contract interest rate for 30-year fixed-rate mortgages increased to 4.05 percent from 4.04 percent the previous week. The rate for jumbo loans moved up to 4.32 percent. Also in the report, the investor … (0 comments)

fha: Buy a house in Woodbury, MN - Economy, Housing Market On Track For Growth - 05/01/12 01:23 AM
Freddie Mac’s most recent U.S. Economic and Housing Market Outlook says the labor market is on track for an increase in job growth this year and the economy and housing market continue to make progress. According to Freddie Mac’s outlook, unemployment should fall to 8.0 percent by the fourth quarter and major economic indicators such as retail sales and payroll performance should show continued improvement. Frank Nothaft, Freddie Mac’s vice president and chief economist, points to the fact that the unseasonably warm winter months are likely responsible for the volatility in current housing data and the pattern isn’t likely to continue … (0 comments)

fha: Buy a house in River Falls, WI - Report Finds Continued Stabilization, Positive Home Price Trends - 05/01/12 01:21 AM
The National Association of Realtor’s Home Price Monitor is a monthly review of several respected measurements of house values. The monitor tracks trends and fluctuations in prices and provides an analysis of the current environment, as well as a forecast for future price performance. April’s report finds most measurements showing month-over-month growth in prices and a trend toward smaller year-over-year declines. These stabilizing trends should be supported by low inventory, declining delinquencies, and growing demand from prospective buyers. The report also cites high affordability, an improving job market, and rising rent as evidence that positive trends in home prices will continue. 
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fha: Buy a house in Hudson, WI - Pending Home Sales Reach Highest Level In Two Years - 05/01/12 01:19 AM
According to the National Association of Realtors, pending home sales rose 4.1 percent in March and are 12.8 percent above year-before levels. Pending sales, which reflect contract signings but not closings, are now at their highest level since April 2010. Lawrence Yun, NAR’s chief economist, said first-quarter sales data shows that it was the best first quarter in five years and, based on contract signings, the second quarter should be equally good. Regionally, pending sales were highest in the West and the South. The South was up 5.9 percent from February and the West rose 8.7 percent. All regions increased from last … (0 comments)

fha: Buy a house in Hudson, WI - Market Analysis Sees Opportunity For Home Buyers - 04/26/12 01:59 AM
CoreLogic’s MarketPulse report comes out monthly and provides analysis of the current and future economic climate and, in particular, the housing and mortgage markets. In their April report, CoreLogic’s chief economist Market Fleming and senior economist Sam Khater say now is a good time to buy a home due to record high housing affordability. According to Fleming, affordability is at twice the level it was in April 2006, at peak house price levels, making now the best time to buy a home in decades. The report also notes that many key indicators of the housing market’s health have held steady through the … (0 comments)

fha: Buy a house in Hudson, WI - Purchase Index Gains As Rates Hit New Low - 04/25/12 02:22 AM
According to the Mortgage Bankers Association’s Weekly Applications Survey, demand for loans to purchase homes increased 2.7 percent from the previous week. But despite the gains, total mortgage loan application volume fell 3.8 percent due to a drop in refinance activity, which slowed after surging the week before. The four-week moving average for the Market Index, which covers both refinance and purchase activity, is up 1.23 percent. The average contract interest rate for 30-year fixed-rate mortgages decreased to 4.04 percent from 4.05 percent the week before. It is the lowest 30-year rate recorded in the history of the Mortgage Bankers’ survey. 
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fha: Buy a house in Hudson, WI - New Home Sales Up 7.5 Percent From March 2011 - 04/25/12 02:21 AM
The U.S. Census Bureau and the Department of Housing and Urban Development’s New Residential Sales Report for March 2012 shows that sales of new single-family homes are up 7.5 percent over the previous year’s pace. According to the report, new home sales came in at a seasonally adjusted annual rate of 328,000, which is 7.1 percent below February’s revised rate of 353,000 but a significant improvement over last March’s estimate of 305,000. February’s estimate was revised up from an originally reported 313,000, making that month’s sales pace the fastest since November 2009. Also, the median sales price of new houses sold during … (0 comments)

 
Ryan Magee1, Mortgage Banker (Bridgeview Bank)

Ryan Magee1

Mortgage Banker

Hudson, WI

More about me…

Bridgeview Bank

Address: 900 Crestview Drive Suite 120, Hudson, WI, 54016

Office: (715) 821-1818

Mobile: (715) 821-1818

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