This is something we haven’t seen in a long time, really since before 2007. Young adults are now confidently considering their first home purchase. Many factors of the financial recession and loans, lack of employment and rising costs everywhere, kept many from being able to leave their parent’s homes after graduating college. Both rentals and […]
As reported by Paul Ausick at www.dailyfinance.com and RISMedia, mortgage applications increased 11.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending September 7, 2012. This week’s results include the customary upward adjustment for the Labor Day holiday. The Market Composite Index, […]
Freddie Mac recently released the results of its Primary Mortgage Market Survey® (PMMS®), showing average mortgage rates easing amid worsening economic indicators. Both the 30-year fixed and the 5-year ARM registered new average record lows. The 30-year fixed-rate mortgage (FRM) averaged 3.66 percent with an average 0.7 point for the week ending June 21, 2012, […]