wi: Refinance Prescott, WI - Refinance Activity Reaches Three Year High
- 07/26/12 02:58 AM
According to the Mortgage Bankers Association’s Weekly Applications Survey, refinance activity rose 2.0 percent last week, reaching its highest level since April 19, 2009. The increase followed a 22 percent surge the week before and pushed the refinance share of total mortgage activity up to 81 percent. But, despite the gains in refinance demand, the Market Composite Index, which measures total mortgage loan application volume, was up just 0.9 percent due to a 3.0 percent drop in the seasonally adjusted Purchase Index. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances was unchanged, resting at 3.74 percent. … (0 comments)
wi: Refinance Hudson, WI - Refinance Activity Reaches Three Year High
- 07/26/12 02:55 AM
According to the Mortgage Bankers Association’s Weekly Applications Survey, refinance activity rose 2.0 percent last week, reaching its highest level since April 19, 2009. The increase followed a 22 percent surge the week before and pushed the refinance share of total mortgage activity up to 81 percent. But, despite the gains in refinance demand, the Market Composite Index, which measures total mortgage loan application volume, was up just 0.9 percent due to a 3.0 percent drop in the seasonally adjusted Purchase Index. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances was unchanged, resting at 3.74 percent. … (0 comments)
wi: Refinance River Falls, WI - Refinance Activity Reaches Three Year High
- 07/26/12 02:54 AM
According to the Mortgage Bankers Association’s Weekly Applications Survey, refinance activity rose 2.0 percent last week, reaching its highest level since April 19, 2009. The increase followed a 22 percent surge the week before and pushed the refinance share of total mortgage activity up to 81 percent. But, despite the gains in refinance demand, the Market Composite Index, which measures total mortgage loan application volume, was up just 0.9 percent due to a 3.0 percent drop in the seasonally adjusted Purchase Index. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances was unchanged, resting at 3.74 percent. … (0 comments)
wi: Refinance Prescott, WI - Refinance Activity Surges As Rates Drop Again
- 07/20/12 05:31 AM
According to the Mortgage Bankers Association’s Weekly Applications Survey, refinance demand surged last week as mortgage rates fell to yet another survey low. The Refinance Index rose 22 percent from the week before and is near its highest level this year. Michael Fratantoni, MBA’s vice president of research and economics, said refinance application volume increased to near peak levels as mortgage rates dropped due to growing concern about the economy. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances fell to 3.74 percent from 3.79 percent the week before. Because of the spike in refinance activity, the … (0 comments)
wi: Refinance Hudson, WI - Refinance Activity Surges As Rates Drop Again
- 07/20/12 05:30 AM
According to the Mortgage Bankers Association’s Weekly Applications Survey, refinance demand surged last week as mortgage rates fell to yet another survey low. The Refinance Index rose 22 percent from the week before and is near its highest level this year. Michael Fratantoni, MBA’s vice president of research and economics, said refinance application volume increased to near peak levels as mortgage rates dropped due to growing concern about the economy. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances fell to 3.74 percent from 3.79 percent the week before. Because of the spike in refinance activity, the … (0 comments)
wi: Refinance River Falls, WI - Refinance Activity Surges As Rates Drop Again
- 07/20/12 05:29 AM
According to the Mortgage Bankers Association’s Weekly Applications Survey, refinance demand surged last week as mortgage rates fell to yet another survey low. The Refinance Index rose 22 percent from the week before and is near its highest level this year. Michael Fratantoni, MBA’s vice president of research and economics, said refinance application volume increased to near peak levels as mortgage rates dropped due to growing concern about the economy. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances fell to 3.74 percent from 3.79 percent the week before. Because of the spike in refinance activity, the … (0 comments)
wi: Refinance Prescott, WI - Mortgage Demand Dips As Rates Fall To New Low
- 07/18/12 02:11 AM
According to the Mortgage Bankers Association’s Weekly Applications Survey, the Market Composite Index, which measures both refinance and purchase loan application volume, fell 2.1 percent last week. But, though the Refinance Index suffered a 3.0 percent decline from the previous week’s levels, the seasonally adjusted Purchase Index increased by the same amount, gaining 3.0 percent from the week before. Mortgage rates, on the other hand, hit new all-time lows. The average contract interest rate for 30-year, fixed-rate mortgages with conforming loan balances fell to 3.79 percent from 3.86 percent. In June, the average loan size for home purchase was $240,897. Last … (0 comments)
wi: Refinance River Falls, WI - Mortgage Demand Dips As Rates Fall To New Low
- 07/18/12 02:08 AM
According to the Mortgage Bankers Association’s Weekly Applications Survey, the Market Composite Index, which measures both refinance and purchase loan application volume, fell 2.1 percent last week. But, though the Refinance Index suffered a 3.0 percent decline from the previous week’s levels, the seasonally adjusted Purchase Index increased by the same amount, gaining 3.0 percent from the week before. Mortgage rates, on the other hand, hit new all-time lows. The average contract interest rate for 30-year, fixed-rate mortgages with conforming loan balances fell to 3.79 percent from 3.86 percent. In June, the average loan size for home purchase was $240,897. Last … (0 comments)
wi: Refinance Hudson, WI - Mortgage Demand Dips As Rates Fall To New Low
- 07/18/12 01:59 AM
According to the Mortgage Bankers Association’s Weekly Applications Survey, the Market Composite Index, which measures both refinance and purchase loan application volume, fell 2.1 percent last week. But, though the Refinance Index suffered a 3.0 percent decline from the previous week’s levels, the seasonally adjusted Purchase Index increased by the same amount, gaining 3.0 percent from the week before. Mortgage rates, on the other hand, hit new all-time lows. The average contract interest rate for 30-year, fixed-rate mortgages with conforming loan balances fell to 3.79 percent from 3.86 percent. In June, the average loan size for home purchase was $240,897. Last … (0 comments)
wi: Refinance in Hudson, WI - Refinance Activity Surges 13 Percent As Rates Fall
- 05/17/12 04:11 AM
According to the Mortgage Bankers Association’s Weekly Applications Survey, the Market Composite Index, which measures total mortgage loan application volume, was up 9.2 percent last week due to a 13.0 percent surge in the Refinance Index. The seasonally adjusted Purchase Index, however, fell 2.4 percent from the previous week. Michael Fratantoni, MBA’s vice president of research and economics, said the increase in refinance activity was due to a spike in the conventional sector and not because of rising government loan demand. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances fell to another new low, dropping to 3.96 … (1 comments)
wi: Refinance in River Falls, WI - Refinance Activity Surges 13 Percent As Rates Fall
- 05/17/12 04:10 AM
According to the Mortgage Bankers Association’s Weekly Applications Survey, the Market Composite Index, which measures total mortgage loan application volume, was up 9.2 percent last week due to a 13.0 percent surge in the Refinance Index. The seasonally adjusted Purchase Index, however, fell 2.4 percent from the previous week. Michael Fratantoni, MBA’s vice president of research and economics, said the increase in refinance activity was due to a spike in the conventional sector and not because of rising government loan demand. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances fell to another new low, dropping to 3.96 … (0 comments)
wi: Buy a house in River Falls, WI - Builder Confidence Rises To Highest Level Since 2007
- 05/17/12 04:08 AM
Builder confidence in the market for newly built, single-family homes rose five points to 29 in May, according to the National Association of Home Builders Housing Market Index. The improvement brought the index to its highest level since May 2007. Barry Rutenberg, chairman of the NAHB, said builders are reporting a pickup in sales and traffic after a pause in April. According to Rutenberg, it’s a sign that the upward trend in confidence that began earlier this year has resumed and that stabilizing prices and excellent affordability are encouraging people to purchase homes. Each of the component indexes measuring current sales, traffic, … (0 comments)
wi: Buy a house in Hudson, WI - Builder Confidence Rises To Highest Level Since 2007
- 05/17/12 04:07 AM
Builder confidence in the market for newly built, single-family homes rose five points to 29 in May, according to the National Association of Home Builders Housing Market Index. The improvement brought the index to its highest level since May 2007. Barry Rutenberg, chairman of the NAHB, said builders are reporting a pickup in sales and traffic after a pause in April. According to Rutenberg, it’s a sign that the upward trend in confidence that began earlier this year has resumed and that stabilizing prices and excellent affordability are encouraging people to purchase homes. Each of the component indexes measuring current sales, traffic, … (0 comments)
wi: Buy a house in River Falls, WI - Majority of Surveyed Consumers Say Now’s The Time To Buy
- 05/15/12 04:18 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)
wi: 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)
wi: 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)
wi: 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)
wi: 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)
wi: 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)
wi: 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)
According to the Mortgage Bankers Association’s Weekly Applications Survey, refinance activity rose 2.0 percent last week, reaching its highest level since April 19, 2009. The increase followed a 22 percent surge the week before and pushed the refinance share of total mortgage activity up to 81 percent. But, despite the gains in refinance demand, the Market Composite Index, which measures total mortgage loan application volume, was up just 0.9 percent due to a 3.0 percent drop in the seasonally adjusted Purchase Index. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances was unchanged, resting at 3.74 percent. … (0 comments)
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