Mortgage Rates on the Rise
Freddie Mac released the results of its Primary Mortgage Market Survey on Thursday which found that the 30-year fixed-rate mortgage and the 15-year rose dramatically this week, as did the 5-year...
View ArticleFreddie Mac: Sales Should Rise this Year
RealtorMag quotes Frank Northaft, chief economist at Freddie Mac, as saying, “”Mortgage rates ended the year hovering near historic lows in an already affordable housing market,” noting the 3.95...
View ArticleFreddie Mac Provides Economic Outlook
Freddie Mac released today its U.S. Economic and Housing Market Outlook for January this week showing that while the economy is undoubtedly in a better place than the same time a year ago, a speedy...
View ArticleOriginations for the Year?
While Michael Fratantoni, vice resident of research for the Mortgage Bankers Association (MBA) is predicting under $1.1 trillion in new loans this year, NationalMortgageNews, the article’s source,...
View ArticleNew Record Low
Benzinga tells us the mortgage rate has found another hole that it has fallen through to a record low, as the 30-yr. fixed rate has hit 3.78% and the 15-yr. Fixed rate plunged to 3.08%, according to...
View ArticleMH Business Booming in Boise
he Idaho Statesman reports from Boise’s Adam Hiaring, assistant manager at a Clayton Homes dealership, that customers have been able to buy a house on layaway, saving up a down payment while locking in...
View ArticleRising FHA Insurance Raises Effective Interest Rate
Ronnie Richards of American Homestar Corp. tells MHProNews a report by HousingWire reveals while mortgage rates have hit record lows since the beginning of the year, the effective interest rate has not...
View ArticleHistoric Lows for Mortgages
Theolympian tells MHProNews Freddie Mac says the average on a 30-year fixed rate mortgage (FRM) fell to 3.49 percent from 3.55 percent last week, matching its lowest rate since long-term mortgages...
View ArticleMore Home Buyers Purchasing Property All Cash
The tougher standards for mortgage lending – a result from Dodd-Frank – combined with rising mortgage rates has made it difficult for many buyers to get loans. This has lead to more all-cash deals on...
View ArticleRising Mortgage Rates=an Improved Economy?
Mortgage applications fell 13.5 percent from last week, and the 30-year fixed-rate mortgage rate rose from 4.51 percent to 4.57 percent this week, according to HousingWire. Mortgage Bankers Association...
View ArticleCNBC says 5 to 6 Million Renting Should Own – Affordability = Credit Access,...
Tim Rood with the Collingwood Group was part of a CNBC discussion that pointed to factors that manufactured home professionals relate to: the many – and often competing – dynamics that cause someone to...
View ArticleMortgage Rates on the Rise
Freddie Mac released the results of its Primary Mortgage Market Survey on Thursday which found that the 30-year fixed-rate mortgage and the 15-year rose dramatically this week, as did the 5-year...
View ArticleU.S. Existing Homes Sales Reach Highest Level in Nine Years
Data from the National Association of Realtors (NAR) shows that Americans bought homes in November at the fastest pace in nearly a decade. Sales of existing homes rose 0.7 percent last month to a...
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