Existing-home sales in 2013 were strongest in 7 years

Existing-home sales last year hit their highest level since 2006 as the housing market continued to stabilize, the NATIONAL ASSOCIATION OF REALTORS® (NAR) reported. Compared to 2012, existing-home sales in 2013 increased 9.1 percent to 5.09 million, marking the strongest performance since 2006, “when sales reached an unsustainably high 6.48 million at the close of …

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Interest Rates December 6, 2013

Home Service Lending’s Interest Rates – Dec 6. 2013 TODAY’S INTEREST RATES Jumbo Purchase 20% down (SFR) Up to $2,000,000 loan amount 30-year Fixed – 4.250% 15-year Fixed – 3.500% 10-year ARM –  3.625% 7-year ARM –    3.250% 5-year ARM –   2.750%   Conforming – High Balance Purchase 20% down (SFR) Up to $625,000  loan …

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Mortgage Applications in U.S. Rise 6% as Rates Drop to New Lows

“According to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending December 7, 2012, mortgage applications increased 6.2 percent from one week earlier. The Market Composite Index, a measure of mortgage loan application volume, increased 6.2 percent on a seasonally adjusted basis from one week earlier.  On an unadjusted basis, the Index …

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Consumer Attitudes on Housing Continue

Consumer Attitudes on Housing Continue Summer Season’s Gradual Upward Trend Americans’ Overall Economic Sentiment Shows Marked Improvement, Some Areas Post Record Highs Results from Fannie Mae’s September 2012 National Housing Survey show Americans’ optimism about the recovery of the housing market and with regard to homeownership continued its gradual climb, bolstered by a series of …

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