Housing and Finance News

Mortgage Applications Soar While Rates Inch Up

February 8th, 2021 | Housing and Finance News

Mortgage applications took a solid year-over-year increase while mortgage rates saw a mild uptick, according to two new data reports. Mortgage applications for new home purchases shot up by 42.2% year-over-year in December, as reported in the latest Mortgage Bankers Association (MBA) Builder Application Survey. However, the increase from November to December was a much […]

#Sales, #MLO Jobs; #HomeOwnership, Non-QM, #PPE, #SalesTools; Conventional Conforming Updates

January 14th, 2021 | Housing and Finance News
Mortgage Bankers Association To Release Weekly Mortgage Market Index June 12

Sales, MLO Jobs; Home Ownership, Non-QM, PPE, Sales Tools; Conventional Conforming Updates Posted To: Pipeline PressNearly two weeks into 2021 already? I was just getting used to saying “2020.” Now I have to add a syllable every time. “One.” There’s continued talk of companies like Finance of America , loanDepot , SoFi , and Homepoint […]

Pending #HomeSales Fall for a Third Straight Month #Homes #RealEstate #Lawyer #Closing #Attorney

January 9th, 2021 | Housing and Finance News

Pending Home Sales Fall for a Third Straight Month as Buyers Struggle To Gain Traction The numbers: Contract signings for home sales fell for the third consecutive month in November — another indication of the challenges prospective home buyers are facing. The index of pending home sales dropped 2.6% in November after declines in both October […]

Older #Homeowners Are Shaping the #HousingMarket #RealEstateMarket #Seniors #SeniorHomebuyer #RealEstateAttorney #Milton #MA

December 28th, 2020 | Housing and Finance News
Senior couple bidding on an online auction

How Older Homeowners Are Shaping the Housing Market Households aged 65 and over are the fastest-growing demographic, according to data in the “State of the Nation’s Housing” report published by Harvard University’s Joint Center for Housing Studies (JCHS). The new report found the number of households aged 65 and over increased at an annual rate […]

Reconsidering Down Payment Assistance #HomeBuyer #ClosingAttorney

December 28th, 2020 | Housing and Finance News

Editor’s note: This story originally appeared in the December edition of MReport.    Richard Ferguson is the President of CBC Mortgage Agency (CBCMA), having joined the company in 2014. Ferguson began his career as a successful loan officer at Wells Fargo, and later, focused on helping first-time homebuyers bridge the largest hurdle to homeownership: securing down […]

Charts Showing Ticking Clock For #Mortgage #Rates #ClosingAttorney #Boston #MA

December 27th, 2020 | Housing and Finance News

Several Charts Showing The Ticking Clock For Rates Posted To: Mortgage Rate Watch One major theme in the 2nd half of 2020 is that mortgage rates have been insulated from market drama–walking a different path than their usual best friend, 10yr Treasury yields. If you ask Treasuries, the big bounce in rates is already well […]

First-time Homebuyers Look to Micro Home Movement

December 16th, 2020 | Housing and Finance News

First-time Homebuyers Look to Micro Home Movement Tiny houses are not new, but COVID-19 and resultant lifestyle changes are making the movement more popular, according to IPX1031, a Fidelity National Financial Company blog, which conducted a survey of 2,000 Americans to understand how likely they would be to live in a tiny home. The researchers also looked […]

#RealEstate #HomePrices and #HomeSales broke records in #GreaterBoston #MA #ClosingAttorney #Boston #Massachusetts

November 30th, 2020 | Housing and Finance News

Home prices and sales broke records in Greater Boston in October The 1,433 single-family homes sold last month reflected a 36.9 percent year-over-year increase in sales. The median sales prices for single-family homes and condos hit $700,000 and $575,000, respectively. The Greater Boston single-family and condo home markets saw record sales in October, according to […]

#Homeowners Experience Financial Gains Despite COVID-19 #ClosingAttorney #Boston #Massachusetts

November 18th, 2020 | Housing and Finance News

Some Homeowners Experience Financial Gains Despite COVID-19 According to new data released by Redfin, the economic trauma inflicted during the COVID-19 pandemic has taken a more severe toll on renters than homeowners. In a survey of more than 3,000 adults conducted from October 7-15, Redfin found 30% of respondents either lost their job or experienced […]

Millennials Jump to #Refinance #Mortgages #Mortgage #Closing #Attorney #HomeLoan #Boston #MA

November 8th, 2020 | Housing and Finance News

Millennials Jump to Refinance Mortgages in September Scores of millennials leaped at the chance to refinance their mortgages in September, according to the latest Ellie Mae Millennial Tracker. During that month, there was an acceleration of 43% leap in refinances of all closed loans among that age group—a 3% boost from the previous month. This […]

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