The net share of those who say home prices will go up fell 1 percentage point to 30 percent, declining for the fourth consecutive month. This component is down 22 percentage points from the same time last year. The net share of Americans who say mortgage rates will go down over the next 12 months increased 3 percentage points to 53 percent.
MGIC beats expectations, but new insurance written underwhelms MGIC (+23%. Christopher Graham stated that he will look for written assurance from Google and called for an audit of the company’s data protection practices. Bayer AG ( BAYRY) acquired Bomac Group,
More consumers reported household income growth in February compared to January, and fewer consumers expect mortgage rates to go up over the next 12 months. Overall, the HPSI is up 1.2 points since this time last year. The net share of respondents who say that it is a good time to buy a house rose four percentage points to 35%.
"That move directly contributed to mortgage rates declining in [Q1 2019], which provided a second-chance opportunity to those looking to buy who were priced out last quarter." Source: " Survey: Consumers Bullish on Buying as Spring Kicks Off " REALTORMagazine.com (March 20, 2019)
Redwood Trust selling $225M of convertible debt provider of human resource management products is selling 1.75 million of the shares, while holders of Series A convertible preferred stock. currently has 72.1 million shares outstanding. Redwood.
WASHINGTON – Mark Calabria was sworn in Monday as the director of the federal housing finance agency, where he will serve a five-year term. Calabria, who was most recently the chief economist for Vice President Mike Pence, takes the helm of the agency regulating Fannie Mae and Freddie Mac after Comptroller of the Currency Joseph Otting served as acting director for four months.
The net share of Americans who say mortgage rates will go down over the next 12 months increased 8 percentage points to -29%; up 24 percentage points from the same time last year.
Average mortgage rates up, but won’t affect home purchase season In this March 6, 2017, photo, a mortgage rate graph is displayed on a computer in North Andover, Mass. Are mortgage rates headed up? How about car loans and home equity lines of credit?
The questions ask consumers whether they think that it is a good or bad time to buy or to sell a house, what direction they expect home prices and mortgage interest rates to move, how concerned.
FHFA launches resources for lenders serving Spanish-speaking borrowers – The Federal Housing Finance Agency (FHFA) today launched a nationwide campaign to inform homeowners about the Home Affordable Refinance Program (HARP). The campaign is designed to encourage homeowners who have been making their mortgage payments, but who owe more than their home is worth, to contact their current lender or any other.
Home prices and mortgage interest rates should increase across the country in 2018. U.S. housing prices may rise by 2 to 6 percent annually, especially in the entry-level market.
Meanwhile, fewer consumers now believe that mortgage rates will reverse course and increase over the next 12 months. Thirty seven percent said they think rates will rise over the coming year, down from 41 percent in May. Just under half, 49 percent, expect rates to remain unchanged. The share of those who think it is.
While mortgage rate optimism kept consumer confidence about the home purchase market high in June, affordability worries pulled overall sentiment lower, a fannie mae survey said. Fannie Mae’s Home Purchase Sentiment Index for June was 91.5, down from 92 in May (the second highest ever) but up from 90.7 in June 2018.