Mortgage rates began 2018 on the decline, according to Freddie Mac’s latest Primary Mortgage Market Survey (PMMS). The 30-year fixed-rate mortgage (FRM) averaged 3.95 percent for the week ending Jan. 4, down from last week when it averaged 3.99 percent. The 15-year FRM this week averaged 3.38 percent, down from last week when it averaged 3.44 percent. And the five-year

January 2, 2018    Phil Hall It may be a new year, but the first housing data report of 2018 picks up where 2017 left off: Home prices are still rising. According to new data from CoreLogic, home prices nationally were up one percent in November from October and up by seven percent from one year

November 30, 2017 Phil Hall Mortgage rates were mostly down this week, according to the latest Freddie Mac Primary Mortgage Market Survey (PMMS). The 30-year fixed-rate mortgage (FRM) averaged 3.90 percent for the week ending Nov. 30, down from last week when it averaged 3.92 percent. The 15-year FRM this week averaged 3.30 percent, down

Phil Hall: The latest S&P Dow Jones Indices point to a housing market where prices are showing no signs of cooling down. The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 5.9 percent annual gain in July, up from 5.8 percent in June. The 10-City Composite annual increase

Phil Hall: Thousands of potential homeowners fail to pursue the American Dream due to confusion over the homebuying process, according to the fifth annual America at Home survey from NeighborWorks America. The new survey found that the average Millennial believed that the minimum required down payment is 21 percent, while 70 percent of adult respondents

August 9, 2017 Phil Hall Millennials entering the housing market are mostly bypassing Federal Housing Administration (FHA)-backed mortgages, according to new data from Ellie Mae. In an analysis of mortgage data culled during June, Ellie Mae found 63 percent of all closed loans made to Millennials were conventional loans for an average amount of $205,066,

The 30-year fixed mortgage rate fell to its lowest point in six weeks, according to the Freddie Mac Primary Mortgage Market Survey for the week ending Aug. 10. The 30-year fixed-rate mortgage (FRM) averaged 3.90 percent, down from last week when it averaged 3.93 percent. The 15-year FRM this week averaged 3.18 percent, unchanged from