10/15/2009
US foreclosures jumped to an all-time high of 937,840 in the third quarter. That’s a 23% rise from the same time last year, says a report from RealtyTrac today. One in every 136 households received a filing — also a record. Once again, Nevada takes the cake… and incredible one in every 23 households was in some form of foreclosure last quarter. And they tell us the economy is recovering? But here’s the kicker — a theme that should be no surprise to 5 Min . loyalists: This isn’t about subprime anymore.
10/15/2009
US foreclosures jumped to an all-time high of 937,840 in the third quarter. That’s a 23% rise from the same time last year, says a report from RealtyTrac today. One in every 136 households received a filing — also a record. Once again, Nevada takes the cake… and incredible one in every 23 households was in some form of foreclosure last quarter. And they tell us the economy is recovering? But here’s the kicker — a theme that should be no surprise to 5 Min . loyalists: This isn’t about subprime anymore.
10/15/2009
New data suggest that foreclosures are rising in more expensive housing markets.About 30% of foreclosures in June involved homes in the top third of local housing values, up from 16% when the foreclosure crisis began three years ago, according to new data from real-estate Web site Zillow.com. The bottom one-third of housing markets, by home value, now account for 35% of foreclosures, down from 55% in 2006.The report shows that foreclosures, after declining earlier this year, began to accelerate in the late spring and that more expensive homes have more recently accounted for a growing share of all foreclosures.
10/15/2009
By: Dennis Norman Unfortunately the bad news on the US housing market just keeps coming. This morning RealtyTrac® released its U.S. Foreclosure Market Reporttmfor the third quarter of 2009, which shows that foreclosure filings (default notices, scheduled auctions and bank repossessions) were reported on 937,840 properties in the third quarter which represents a 5 percent increase from [...] Related posts: Foreclosures remain at near record levels in August By: Dennis Norman While there have been positive reports…
10/15/2009
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10/15/2009
The total mortgage loan application volume dipped 1.8% for the week ending October 9, according to a weekly survey by the Mortgage Bankers Association (MBA). The refinancing share of mortgage activity increased 67.4% of the total applications, up from 66.3% the previous week. The MBA, which also keeps an eye on mortgage rates, reported the average rate [...]
10/15/2009
The average rate on a 30-year fixed-rate home loan edged back above 5% last week as mortgage applications fell, the Mortgage Bankers Assn. said Wednesday. The average rate on a 30-year fixed-rate loan, assuming a 20% down payment, increased to 5.02 … View original story…
10/15/2009
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10/15/2009
U.S. News World Report – Even as mortgage rates remain near record lows, the Mortgage Bankers Association believes that the looming expiration of a key Federal Reserve program may increase home loan costs next year. Read the original here: (U.S. News World Report) (U.S. News World Report)Mortgage Rates Seen Below 6% Through 2010 (U.S. News World Report)
10/15/2009
The average rate on a 30-year fixed-rate home loan edged back above 5% last week as mortgage applications fell, the Mortgage Bankers Assn. said Wednesday. The average rate on a 30-year fixed-rate loan, assuming a 20% down payment, increased to 5.02 … View original story…
10/15/2009
The average rate on a 30-year fixed-rate home loan edged back above 5 percent last week as mortgage applications fell, the Mortgage Bankers Association said Wednesday. The average rate on a 30-year fixed-rate loan, assuming a 20 percent down payment … View original story…
10/15/2009
Sold At The Top submits: The Mortgage Bankers Association (MBA) publishes the results of a weekly applications survey that covers roughly 50 percent of all residential mortgage originations and tracks the average interest rate for 30 year and 15 year fixed rate mortgages, 1 year ARMs as well as application volume for both purchase and refinance applications. The purchase application index has been highlighted as a particularly important data series as it very broadly captures the demand side of residential real estate for both new and existing home purchases.
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Filled Under: Mortgage Bankers