Tag Archives: home loans

Jobs report effects rates

It is unusual for the monthly employment report to be released on the first day of the month. Friday, the first day of June, was an exception. Logically, you would think that data released this early would be subject to a higher level of revisions, but we have no statistics to support that theory. What […]

MBA: Home Purchase Applications Fall

The applications for the purchase of newly constructed homes have decreased last month by about 18% from October levels, according to The Mortgage Bankers Association’s (MBA) latest builder survey. The builder survey is conducted from mortgage subsidiaries of homebuyers across the U.S. After the data was concluded and assumptions about market coverage were made, sales […]

Sales of U.S. Homes Drop as Affordability Declines

The National Association of REALTORS recently reported a 1.9% decrease in sales of existing homes in the U.S. as home prices increased by 11.7%. For the first time in three months, purchases of previously owned homes fell in September. Existing home sale prices increased year after year to $199,200 last month from $178,300 in September […]

New York’s Serious Delinquency Rate Exceeds National Average

According to Mortgage Bankers Association data, the rate of new foreclosures in the second quarter of 2013 was 1.07%, a record figure going back to 1979. This was higher than the national average of 0.64%. It was also reported that the Empire State had the third-highest serious delinquency rate in the nation with 9.2%, followed […]

Mortgage Applications Declined Over Last Week Even As Housing Market Showed Improvement During November

In a report released by the Mortgage Bankers Association (MBA), mortgage applications in the U.S. declined over the last week, even as the National Association of Realtors reported strong sales of existing homes during November, in a report released yesterday.    The MBA’s survey, which covers about 50% of all U.S. retail residential mortgage applications, found […]