Browsing Posts In: mortgage

April 6, 2017 Posted by: Scholastica (Gay) Cororaton, Research Economist

More first-time homebuyers take advantage of a low downpayment loan compared to all homebuyers, according to the February 2017 REALTORS® Confidence Index Survey Report, a monthly survey of REALTORS® about their sales activity and local market conditions.[1] Among all buyers whose transaction closed in February 2017, 62 percent of those who obtained a mortgage made […]

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March 22, 2017 Posted by: Ken Fears, Director, Regional Economics and Housing Finance

In late January, the new Trump administration froze a number of policy changes made in the waning days of the Obama Presidency. One such change, a 25 basis point increase in the mortgage insurance premium (MIP) charged by the Federal Housing Administration (FHA), was previously analyzed by NAR Research. Here we report local impacts of […]

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February 2, 2017 Posted by: Scholastica (Gay) Cororaton, Research Economist

More first-time homebuyers avail of a low downpayment loan compared to all homebuyers, according to the December 2016 REALTORS® Confidence Index Survey Report, a monthly survey of REALTORS® about their sales activity and local market conditions.[1] Among first-time homebuyers who obtained a mortgage and whose transactions closed in October—December 2016, 81 percent made a downpayment […]

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Posted by: Scholastica (Gay) Cororaton, Research Economist

More first-time homebuyers avail of a low downpayment loan compared to all homebuyers, according to the December 2016 REALTORS® Confidence Index Survey Report, a monthly survey of REALTORS® about their sales activity and local market conditions.[1] Among first-time homebuyers who obtained a mortgage and whose transactions closed in October—December 2016, 81 percent made a downpayment […]

... Read More

January 30, 2017 Posted by: Ken Fears, Director, Regional Economics and Housing Finance

This quarter marks the 13th Survey of Mortgage Originators in which lenders shared insights about current trends in lending. This survey covered lenders’ experiences in the 4th quarter of 2016 and included questions on shortages of appraisers and the impact of rising mortgage rates. Lenders remain optimistic, but wary of rising rates with the majority […]

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Posted by: Ken Fears, Director, Regional Economics and Housing Finance

This quarter marks the 13th Survey of Mortgage Originators in which lenders shared insights about current trends in lending. This survey covered lenders’ experiences in the 4th quarter of 2016 and included questions on shortages of appraisers and the impact of rising mortgage rates. Lenders remain optimistic, but wary of rising rates with the majority […]

... Read More

January 23, 2017 Posted by: Ken Fears, Director, Regional Economics and Housing Finance

On Friday, the new administration suspended a 25 basis point fee reduction that the past administration announced on the 9th of January. NAR research estimated that the fee reduction would have benefited 750,000 to 850,000 homebuyers in 2017 who’s mortgages were backed by the FHA. In addition, it would have opened homeownership to an additional […]

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January 19, 2017 Posted by: Ken Fears, Director, Regional Economics and Housing Finance

In recent years, pundits have spoken of tight lending and the need to expand access to credit to the broadest group of credit worthy borrowers. A number of issues have been cited as reasons for tight credit including law suits from the Department of Justice, investors forcing lenders to re-purchase loans, weak demand for riskier […]

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Posted by: Ken Fears, Director, Regional Economics and Housing Finance

In recent years, pundits have spoken of tight lending and the need to expand access to credit to the broadest group of credit worthy borrowers. A number of issues have been cited as reasons for tight credit including law suits from the Department of Justice, investors forcing lenders to re-purchase loans, weak demand for riskier […]

... Read More

January 10, 2017 Posted by: Nadia Evangelou, Research Economist

Mortgage rates have been rising sharply over the past couple of months. The 30-year fixed-rate mortgage was 4.2 percent in December, the highest of 2015 and 2016, and it appears to stay above 4 percent for a long while. Mortgage rates are still historically low, but crossing over from the 3 percent range to 4 […]

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