February 2017 – The homeownership rate for Hispanics increased for the second straight year, even as the overall rate declined from 2015, according to the National Association of Hispanic Real Estate Professionals.
By Bob Montgomery Herald-Journal, Spartanburg If President-elect Donald Trump follows through on his campaign promises to cut taxes, reduce regulations and create jobs, it should be easier to buy and sell a home, said the head of the South Carolina Realtors. “It’s difficult to comment … because we haven’t seen actual proposals,” said Nick Kremydas, […]
By Glenn McCullom Rates for the 30-year conforming fixed-rate mortgage rose above 3.5% for the first-time since before the Brexit vote, according to Freddie Mac. The 30-year fixed-rate mortgage averaged 3.52% for the week ending Oct. 20, up from last week when it averaged 3.47%. A year ago at this time, the 30-year fixed-rate mortgage […]
The Department of Veteran Affairs has renewed its contract with Black Knight Financial Services, the Jacksonville, Fla.-based company said Thursday.
The market gyrations following the United Kingdom’s vote to leave the European Union have an upside for mortgage lenders, as already-falling interest rates are expected to boost home purchases and refinancing.
By Brian Collins May 25, 2016 The head of the Federal Housing Administration has informed lenders that loans receiving down payment assistance can continue to benefit from government insurance, despite past questions over the legality of certain assistance programs. Ed Golding, HUD’s principal deputy assistant secretary for FHA, wrote in a recent letter to […]
New-home construction rose in April, extending a pattern of gains and losses that signals the homebuilding industry is contributing little to economic growth.
Mortgage applications for new home purchases slipped 11% in April from the month before, according to the Mortgage Bankers Association’s Builder Application Survey. The decline can be attributed to a surge in applications for new homes in February and March, said Lynn Fisher, MBA vice president of research and economics, in a news release Friday. […]
Caris and Jon Li were doubtful when they first heard about the home buyer assistance program NeighborhoodLIFT. “It seemed too good to be true,” Caris Li said. But after receiving $15,000 in 2012 to help pay for their duplex in St. Paul’s Hamline-Midway neighborhood, the couple is encouraging others to give it a try. On […]
Consumer confidence in the housing market rebounded in April from an 18-month low the month prior, Fannie Mae reported Monday.