MReport

MReport

Tracking the Drop of the 30-Year Note Rate

Ellie Mae’s June Origination Insight Report revealed that the 30-year note rate dropped for the sixth-consecutive month to 4.40%, which is down from 4.52% in May.  The 30-year note rate for FHA loans fell from 4.63% the month prior to 4.49% in June. Rates for conventional loans declined to 4.41% from May’s 4.52% and VA … The post Tracking the …

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Mortgage Lenders vs. Growing Technology

The growing use of technology in the mortgage space is what most lenders call their biggest competitor, according to analysis from Fannie Mae.  Fannie Mae’s VP of Single-Family Strategy and Insights Andrew Peters said lenders continue to cite “consumer-facing technology” as the most important business priority to maintain competitiveness.  “The mortgage industry has faced a … The post Mortgage Lenders …

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Examining the Gap Between Homeownership and Potential Demand

Potential homeownership demand in 2018 increased by just 0.66% when compared to 2017, but the homeownership rate underperformed potential demand by 8.7%, according to the First American Homeownership Progress Index (HPRI).  “The homeownership rate is influenced by shifts in underlying demographic and economic factors, as well as housing market conditions. Close examination of these underlying … The post Examining the …

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Housing Starts, Building Permits Take a Hit in June

Housing starts in June fell 0.9% month-over-month to a rate of 1,253,000, which is a marginal decline from May’s revised estimate of 1,265,000,  according to information from the U.S. Census Bureau.  The report, though, states June’s estimates are still 6.2% above June 2018’s rate of roughly 1.18 million. Single-family starts in June came in at … The post Housing Starts, …

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Alternative Method to Sell Your Home Expanding

Zillow announced that Portland, Oregon, has become the 12th market where it can now directly buy homes, giving homeowners a new way to sell their properties.  “Sellers across the country have shown that they are looking for an easier, less stressful way to sell their home,” said Zillow Brand President Jeremy Wacksman. “We’re excited to … The post Alternative Method …

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Report: Foreign Buyers Pulling from U.S. Housing Market

A sluggish U.S. housing market and tighter currency controls by the Chinese government caused the dollar volume of homes purchased by foreign buyers from April 2018 to March 2019 to drop 36%, according to a report by CNBC. The information, released by the National Association of Realtors (NAR), added that the decline was due to … The post Report: Foreign …

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