Category Archives: Uncategorized

New Home Sales Pull Back Amid Global Uncertainty

BY JANN SWANSON Applications for new home purchases dropped in December, falling 6.8 percent behind those a year earlier. The deficit from November was even larger, a decline of 13 percent. The Mortgage Bankers Association (MBA) estimates that those numbers, which do not include any adjustment for seasonal patterns, translates into new home sales during […]

Mortgage Rates Unchanged to Start the Week

BY MATTHEW GRAHAM Mortgage rates held their ground today, keeping them in line with long-term lows achieved over the past 2 weeks. To be fair, it was the previous week that offered the biggest benefits, but last week was no slouch. Factoring out the first few days of January, it would have been the best […]

Despite Disaster Impacts, Loans are Performing Historically Well

BY JANN SWANSON Some housing market analysts have found recent trends in construction, home sales, and diminishing affordability disquieting and perhaps early warning signs of another housing-led recession. They may find loan performance metrics reassuring. CoreLogic’s report for October indicates that, except for the impact of several recent natural disasters, those metrics are exceptional.

Another Dim Outlook for Refinancing

BY JANN SWANSON Refinancing activity has probably held up better than expected as interest rates have risen. Refinance applications accounted for more than 40 percent of the total in each of the Mortgage Bankers Association’s weekly application volume summaries in December, aided by an unexpected dip in rates. But CoreLogic’s chief economic Frank Nothaft is […]

November Home Price Gains Slowing , Still up 5.1% YoY

BY JANN SWANSON Home prices grew by an estimated 0.4 percent in November according to CoreLogic’s Home Price Index (HPI) and were 5.1 percent higher than at the end of November 2017. These figures indicate a significant slowdown in the rate of appreciation nationally over the past year. The company reported a 1.0 percent gain […]

Not Just the Season; MBA Predicts New Home Sales Down Sharply

BY JANN SWANSON The Mortgage Bankers Association (MBA) added a little more evidence to the pile indicating a rather rapid slow-down in the housing market. MBA’s Builder Application Survey (BAS) data for November shows mortgage applications for newly constructed home purchases falling by 14 percent compared to October. The MBA data is not adjusted to […]