Schonbraun: Real estate activity to improve in 2010

March 3, 2010 Mortgage Financing

A new study from FTI Schonbraun McCann Group has found that the real estate market will likely improve as transactions and mortgage activity will pick up over the course of 2010.
According to the study, a greater transaction volume in the real estate market is expected to get underway this year as debt maturities will force [...]

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Warren Group: Massachusetts’ home, condominium prices increase in January

March 2, 2010 Mortgage Financing

Median prices for single-family homes and condominiums throughout the state of Massachusetts increased dramatically during January, According to a recently released report from the publisher of Banker & Tradesman.
In their latest report, The Warren Group found the median price for single-family homes sold in January increased by 9.6 percent from $260,000 to $285,000. The increase [...]

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Freddie Mac: Mortgage rates on the rise to end February

March 2, 2010 Mortgage Financing

Average interest rates for most mortgage types saw sizable increases to end February, according to the latest Primary Mortgage Market Survey released by Freddie Mac last week.
The survey, which measured rates for the week ending February 25, found that the average rate for 30-year fixed-rate mortgage had increased over 5 percent for the first time [...]

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MBA: Mortgage rates see increases as applications plummet

February 25, 2010 Mortgage Financing

One week after mostly stagnant figures for average interest rates, rates for all types of mortgages saw an increase in the second full week of February, according to the Mortgage Bankers Association
According to the latest Weekly Application Survey for the week ending February 19 from the MBA, the average interest rate for 30-year fixed-rate mortgages [...]

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Mortgage rates jump up in latest Zillow Mortgage Marketplace survey

February 25, 2010 Mortgage Financing

All types of mortgages saw their average interest rates increase notably during the final full week of February, offsetting decreases that had been seen in recent weeks.
According to the latest Zillow Mortgage Rate Monitor released on Tuesday, the average interest rate for 30-year fixed-rate mortgages increased by 0.05 percentage points to hit 4.84 percent compared [...]

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Home prices continued to decline in final months of 2009

February 23, 2010 Mortgage Financing

While the housing market continued to show gradual signs of a recovery as 2009 came to an end, prices fell in the year’s final quarter, according to the latest S&P/Case-Shiller U.S. National Home Price Index.
While lukewarm news for those involved with the housing market, the continued price drops were likely well received by those looking [...]

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