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Mortgage and Lending - Bridgeview Bank
Latest information about the mortgage and real estate industry. New article posted daily.
RECENT BLOG POSTS
The U.S. Department of Housing and Urban Development and U.S. Department of Commerce’s New Residential Sales Report for Februaryshows sales of new homes fell 1.6 percent from January to a seasonally adjusted annual rate of 313,000. But though sales slipped from the month before, year-over-year sa...
03/23/2012
Sales of previously owned homes fell 0.9 percent in February but remain 8.8 percent above a year ago. According to data from the National Association of Realtors, existing-home sales, which include single-family homes, townhomes, condominiums, and co-ops, were at a seasonally adjusted annual rate...
03/22/2012
The U.S. Census Bureau and the Department of Housing and Urban Development’s new residential construction statistics for February show housing starts down 1.1 percent from January but still nearly 35 percent above the year before. Despite the slight dip in new construction, building permits for f...
03/21/2012
Mortgage rates increased last week but remain historically low, according tothe Mortgage Bankers Association’s Weekly Applications Survey. The average contract interest rate for 30-year fixed-rate mortgages rose to 4.19 percent last week from 4.06 percent the week before. The average rate for a j...
03/21/2012
The U.S. Census Bureau and the Department of Housing and Urban Development’s new residential construction statistics for February show housing starts down 1.1 percent from January but still nearly 35 percent above the year before. Despite the slight dip in new construction, building permits for f...
03/20/2012
Builder confidence in the market for new single-family homes is twice as strong as it was six months ago and at its highest level since 2007. The latest National Association of Home Builders Housing Market Index, which measures builders’ expectations and perceptions, was unchanged from last month...
03/19/2012
The National Association of Home Builders Improving Markets Indexclimbed to 99 in March, up from 98 in February. The index, which measures improvement in housing permits, employment, and prices, now includes 33 states with at least one housing market on the list and 10 with four or more improving...
03/16/2012
RealtyTrac’s U.S. Foreclosure Market Report for February 2012 shows foreclosure filings, including scheduled auctions, default notices, and bank repossessions, fell 2.0 percent in February and were down 8.0 percent from the previous year. Despite the fact that foreclosures were down nationally, t...
03/15/2012
Barclays Capital recently upgraded their outlook on homebuilder stocks based on increased optimism in the housing market. Improvements in builder and consumer confidence, combined with economic growth and more favorable inventory levels, have homebuilders expecting a strong spring and summer for ...
03/14/2012
According to The Mortgage Bankers Association’s Weekly Applications Survey, demand for loans to purchase homes reached its highest level since January 13 after rising 4.4 percent last week. It is the third consecutive week of improvements and puts purchase applications nearly 12 percent above whe...
03/14/2012
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Latest information about the mortgage and real estate industry. New article posted daily.