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Mortgage & Housing Market News from HSH.com

Market tilts toward purchase loans

April 23rd, 2014 | Leave a Comment | Posted in News by Marcie Geffner

Fran Images--SoldAfter years of a refinance boom in which homeowners replaced their existing home loans with new ones at lower mortgage rates, the mortgage market today has tilted substantially away from refinancing to purchase loans for homebuyers.

The latest evidence was a recent report released by Ellie Mae, which provides technology systems for residential mortgage companies.

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Mortgage rates return to 2014 lows

April 21st, 2014 | Leave a Comment | Posted in News by Tim Manni

Last Monday we said, “We actually have a shot at setting 2014 lows this week if investors continue to shun stocks at the rate they have lately, and especially if there’s nothing in the economic news of concern.”

Well, that all seemed to be the case last week as mortgage rates returned to the lowest point last seen in February. Read the rest of this entry »

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Remodeling activity stays strong despite ’sluggish’ housing

April 17th, 2014 | Leave a Comment | Posted in News by Marcie Geffner

Spending for home remodeling is expected to post solid growth this year, though that momentum might begin to slow in the October, November and December timeframe, according to a statistical analysis known as the Leading Indicator of Remodeling Activity (LIRA).

The latest LIRA was released today by the Remodeling Futures Program at the Joint Center for Housing Studies (JCHS) at Harvard University in Cambridge, Mass.

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Mortgage rates headed towards 2014 lows?

April 14th, 2014 | 1 Comment | Posted in News by Tim Manni

falling rates“By all rights mortgage rates should be rising by now,” wrote Keith Gumbinger, vice president of HSH.com, in the latest Market Trends newsletter, but thanks to an inconsistent economy here at home and a rocky situation in many countries abroad, mortgage rates continue to find more room to settle.

“Each time there appears to be sufficient reason for rates to kick higher, something else comes along to press them back down.” Read the rest of this entry »

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Economy is primary concern for pessimistic homebuyers

April 9th, 2014 | Leave a Comment | Posted in News by Marcie Geffner

6-Fannie-Mae-logoThe U.S. housing recovery “continues to proceed in fits and starts.”

That’s according to Doug Duncan, chief economist of Fannie Mae in Washington, D.C.

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Jobs help to firm mortgage rates

April 7th, 2014 | Leave a Comment | Posted in News by Tim Manni

WinterThe long, cold winter that persisted in much of the U.S. seems to get the majority of the blame for the economy’s slow start to 2014. “The freshest economic indicators suggest that we are starting to move away from any weather-related holdback in growth, but it looks as though it will be more of a ’slipping away from’ than a ’shaking off’ process,” wrote Keith Gumbinger, vice president of HSH.com, in the latest Market Trends newsletter.

A gradual trend of economic improvement should bring higher mortgage rates along with it. While mortgage rates remained at January levels last week, they’re still below 2014 highs. Read the rest of this entry »

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The top new-home amenities

April 2nd, 2014 | Leave a Comment | Posted in News by Marcie Geffner

11182_house framingIt comes down to:

  • A walk-in closet in the master bedroom
  • Low-e windows
  • A laundry room
  • A great room

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Civil rights groups oppose Fannie, Freddie reform plan

March 26th, 2014 | 1 Comment | Posted in News by Marcie Geffner

Capitol Building 2A coalition of civil rights and other advocacy groups has taken a stand against proposed federal legislation that would revamp the U.S. housing finance system, specifically, winding down government-controlled Fannie Mae and Freddie Mac.

In a joint statement, the groups said they have “serious concerns” that the legislation, as proposed, wouldn’t create a system that was safe and could provide affordable mortgages for all creditworthy borrowers, including minorities and people with modest incomes. Rather, the groups charged, the proposal would make mortgages more expensive and less available to those populations. Read the rest of this entry »

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Fed prompts rise in mortgage rates

March 24th, 2014 | Leave a Comment | Posted in News by Tim Manni

3-Federal-ReserveThe volatility in the mortgage market has come from several areas:

  1. Inconsistencies in the U.S. economy
  2. Foreign issues, both social and financial, in China, Russia and Crimea
  3. The Federal Reserve

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Generational study offers homebuyer insights

March 19th, 2014 | 1 Comment | Posted in News by Marcie Geffner

Reverse Mort ParentsDespite challenges posed by debt, down payment and credit score requirements, people of all generations, from Millennials to the Silent Generation, continue to buy houses, though not always for the same reasons.

That’s according to the latest National Association of Realtors (NAR) Home Buyer and Seller Generational Trends study, which compared the differences among current generations of homebuyers and sellers.

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About the HSH Blog

HSH.com's daily blog focuses on the latest developments in the mortgage and housing markets. Our mission is to relate how changes in mortgage rates and housing policy, as well as the latest financial news, impacts consumers, homebuyers and industry insiders alike. Our 30-plus years of experience in the mortgage industry gives us an edge as we break down the latest changes in an ever-changing market.

Our bloggers:

Tim Manni

Tim Manni is the Managing Editor of HSH.com and the author of their daily blog, which concentrates on the latest developments in the mortgage and housing markets.

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