Weekly Mortgage Applications – 07-18-2018

July 18 2018 Weekly Mortgage Applications

  • Percent Change for Weekly Residential Mortgage Applications

 

  • Mortgage applications decreased by 2.5% for the week ended July 18, 2018
  • Mortgage apps move in the inverse direction of rates
  • Rates are still low, so get your fixed rate loans now. If already on a fixed 30 year rate, change to a 15 year fixed loan and cut your term!
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Weekly Mortgage Watch – July 19, 2018

July 19, 2018 Weekly Mortgage Watch

  • Interest Rate change for Residential Mortgage Rates

 

  • 30 Year Mortgage Rate decreased to 4.52% compared to 4.53% last week. The 30 year rock bottom rate touched in last 10 years is 3.53%
  • 15 Year Mortgage Rate decreased to 4.00% compared to 4.02% last last week. The 15 year rock bottom rate touched in last 10 years is 2.83%
  • 5/1 Adjustable Rate Mortgage Rate increased to 3.87% conpared to 3.86% last week. The 5 year rock bottom rate touched in last 10 years is 2.69%
  • Rates are still low. Purchase or Refinance before rates move up further

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US Homes Prices Report – May 2018

May 2018 US Homes Prices Report

  • US Home prices and % change for West Census Region
  • US Home Prices and % change for Midwest Census Region
  • US Home Prices and % change for North Census Region
  • US Home Prices and % change for South Census Region

 

  • Median Sales Price of Existing Homes in US decreased to $264,800 with a 2.7% increase from month ago
  • Median Sales Price in West increased to $395,800 with a 1.5% increase in April 2018 compared to last month
  • Midwest median sales price decreased to $209,900 with a 5.2% increase compared to last month and South is at $233,100 reflecting a 2.7% increase from month ago
  • Northeast median sales price has increased to $275,900 reflecting a 0.3% increase from month ago

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US Homes Sales Report – May 2018

May 2018 US Homes Sales Report

  • Number of Homes Sold and % change for West Census Region
  • Number of Homes Sold and % change for Midwest Census Region
  • Number of Homes Sold and % change for North Census Region
  • Number of Homes Sold and % change for South Census Region

 

  • Number of units of existing home sales for month of April 2018 is at 5,430,000 and is at a 0.4% decrease compared to last month
  • West census region is at 1,170,000 number of units and is at a 0.8% decrease for April 2018 compared to last month. Midwest region for April 2018 is at 1,260,000 number of units, a 2.3% decrease change compared to last month
  • South region for April 2018 is at 2,320,000 number of units and is at a 0.4% decrease from month ago
  • Northeast region for April 2018 is at 64,000 number of units and is 23.1% higher than last month

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Fannie Mae Housing Survey – May 2018

May 2018
Fannie Mae Housing Survey

  • Survey for change in home prices in next 12 months
  • Survey for change in rental prices in next 12 months
  • Survey for mortgage rate changes in next 12 months
  • Survey for personal finances in next 12 months
  • Survey for household income in next 12 months
  • Survey for household expenses in next 12 months
  • Survey for economy on track
  • Survey for buy or rent today
  • Survey on ease of getting home mortgage today
  • Survey whether it is good time to buy or sell today

 

  • Average Home Price Change Expectation in next 12 months is 3.5% and the Average 12 Month Rental Price Change Expectation is 4.6%
  • Home Prices will go up in the next 12 months based on 55% responses. Home Rental Prices will go up in the next 12 months based on 61% responses. Mortgage rates will go up in next 12 months based on 54% responses
  • 59% of respondents say it is a good time to buy and 667% says it is a good time to sell. 56% says it is easy to get a mortgage today, 67% would rather buy than rent and 50% says that the economy is on the right track
  • There are 11% of respondents who are concerned about losing their job over next 12 months. 30% of respondents says that their income will be higher and 48% say their financial situation will get better over the next 12 months

 

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Weekly Mortgage Applications – 07-11-2018

July 11 2018 Weekly Mortgage Applications

  • Percent Change for Weekly Residential Mortgage Applications

 

  • Mortgage applications increased by 2.5% for the week ended July 11, 2018
  • Mortgage apps move in the inverse direction of rates
  • Rates are still low, so get your fixed rate loans now. If already on a fixed 30 year rate, change to a 15 year fixed loan and cut your term!
  • Share your comments on our Facebook page!

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Weekly Mortgage Watch – July 12, 2018

July 12, 2018 Weekly Mortgage Watch

  • Interest Rate change for Residential Mortgage Rates

 

  • 30 Year Mortgage Rate increased to 4.53% compared to 4.52% last week. The 30 year rock bottom rate touched in last 10 years is 3.56%
  • 15 Year Mortgage Rate increased to 4.02% compared to 3.99% last last week. The 15 year rock bottom rate touched in last 10 years is 2.86%
  • 5/1 Adjustable Rate Mortgage Rate increased to 3.86% conpared to 3.74% last week. The 5 year rock bottom rate touched in last 10 years is 2.74%
  • Rates are still low. Purchase or Refinance before rates move up further

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Weekly Mortgage Applications – 07-04-2018

July 04 2018 Weekly Mortgage Applications

  • Percent Change for Weekly Residential Mortgage Applications

 

  • Mortgage applications decreased by 0.5% for the week ended July 04, 2018
  • Mortgage apps move in the inverse direction of rates
  • Rates are still low, so get your fixed rate loans now. If already on a fixed 30 year rate, change to a 15 year fixed loan and cut your term!
  • Share your comments on our Facebook page!

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Weekly Mortgage Watch – July 05, 2018

July 05, 2018 Weekly Mortgage Watch

  • Interest Rate change for Residential Mortgage Rates

 

  • 30 Year Mortgage Rate decreased to 4.52% compared to 4.55% last week. The 30 year rock bottom rate touched in last 10 years is 3.62%
  • 15 Year Mortgage Rate decreased to 3.99% compared to 4.04% last last week. The 15 year rock bottom rate touched in last 10 years is 2.89%
  • 5/1 Adjustable Rate Mortgage Rate decreased to 3.74% conpared to 3.87% last week. The 5 year rock bottom rate touched in last 10 years is 2.79%
  • Rates are still low. Purchase or Refinance before rates move up further

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Weekly Mortgage Applications – 06-27-2018

June 27 2018 Weekly Mortgage Applications

  • Percent Change for Weekly Residential Mortgage Applications

 

  • Mortgage applications decreased by 4.9% for the week ended June 27, 2018
  • Mortgage apps move in the inverse direction of rates
  • Rates are still low, so get your fixed rate loans now. If already on a fixed 30 year rate, change to a 15 year fixed loan and cut your term!
  • Share your comments on our Facebook page!

5 Quick Ways to Connect immediately

 

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