Daily Blog: Friday – March 11

mandy • March 11, 2016

The Mortgage Bankers Association (MBA) reported this week that new home purchases soared 24% in February from January, as would be buyers got a jump on the spring buying season. To break it down, conventional loans composed 67.7% of loan applications, FHA loans composed 18.7%, RHS/USDA loans composed 0.8% and VA loans composed 12.8%. An MBA spokesperson said low interest rates and fairly mild weather in February were key ingredients to kicking off the spring buying season.

A large house with a blue roof and a blue door is lit up at sunset.

Daily Financial Blog: Tuesday – April 26

By mandy • April 26, 2016
Home price gains continued in February, though moderation has been seen in some regions.
An aerial view of a residential area with lots of houses and trees.

March New Home Sales Decline

By mandy • April 25, 2016
A sharp decline in the West sent New Home Sales lower by 1.5 percent in March.
A living room filled with furniture and a television.

Home Prices Post 6.8% Annual Gain

By mandy • April 5, 2016
CoreLogic reports that home prices, including distressed sales, rose by 6.8 percent from February 2015 to February 2016.
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