November 2006 - MND NewsWire

Long term interest rates took a bit of a dive during the week ended November 22 according to Freddie Mac's Primary Mortgage Market Survey. The 30-year fixed-rate mortgage (FRM) averaged 6.18 percent, A drop of six basis point from the previous week and the lowest point the 30-year FRM has seen since...

The Office of Federal Housing Enterprise Oversight (OFHEO) has announced as expected that 2007 dollar limits on conforming mortgages would remain unchanged from 2006 levels, at $417,000...

The Office of Federal Housing Enterprise Oversight (OFHEO), the agency charged with keeping an eye on Freddie Mac and Fannie Mae has alerted lenders that conforming loan limits for the next year may be subject to falling rather than rising for the first time in years. These limits determine the maximum size of a mortgage that Freddie and Fannie can buy or guarantee.

Accentuate the positive. Gild the lily.

Lots of cliches come to mind after reading the third quarter summary of existing home sales released on Monday by the National Association of Realtors.

The report itself, however, is sobering...

The Census Bureau and the U.S. Department of Housing and Urban Development have released October figures on building permits and housing starts and the news is not good.

But while builders appear to be pulling back in actual building activity, their confidence seems to be rebounding...

Interest rates during the week ended November 9 continued to exhibit the same meandering pattern that they have for months according to the Primary Mortgage Market Survey released by Freddie Mac.

Refinancing accounted for 48 percent of all mortgage applications. This is the highest level for refinancing since...

The slowdown in housing has begun to take a toll on the overall economy according to the November Economic Outlook issued by Freddie Mac on November 8.

According to the latest version of the report which is issued early each month by the Office of the Chief Economist, the cooling of the housing market knocked 1.1 percent off the rate of real Gross Domestic Profit growth during the third quarter of the year, largely through a 17 percent decline in residential fixed investment. This resulted in ...

The Consumer Federation of America had a lot of critical things to say about the real estate industry in general and the National Association of Realtors (NAR) in particular when Executive Director Steve Brobeck, testified before a subcommittee of the House Financial Services Committee in late July. Brobeck spoke about lack of competitiveness but nothing was as sharply worded as his comments about the training and qualifications of those working in the industry or about those who regulate them.