Explore Hudson, WI

By Ryan Magee1, Mortgage Banker
(Bridgeview Bank)
Comments 1
RealtyTrac’s Year-End 2011 U.S. Foreclosure Sales Report shows homes in some stage of foreclosure accounted for 24 percent of all residential home sales during the fourth quarter of 2011. But though that represents an increase from the previous quarter it is 2.0 percent below the fourth quarter o...

By Ryan Magee1, Mortgage Banker
(Bridgeview Bank)
Comments 0
According to the Mortgage Bankers Association’s Weekly Applications Survey, the seasonally adjusted Purchase Index surged last week, gaining 8.2 percent over the week before. But despite the spike, a dip in refinance volume kept the Market Composite Index, which measures total loan application de...

By Ryan Magee1, Mortgage Banker
(Bridgeview Bank)
Comments 1
Pending home sales measure contract signings, not closings, and are a good indicator of future sales. In January, the National Association of Realtors’ Pending Home Sales Index reached its highest level since April 2010. The index was up 2.0 percent from December and 8.0 percent over the year bef...

By Ryan Magee1, Mortgage Banker
(Bridgeview Bank)
Comments 1
The Federal Housing Administration will raise mortgage insurance premiums this April in order to repair the health of its emergency fund. The FHA upfront mortgage insurance premium will increase to 1.75% from 1% of the base home loan amount. This will apply regardless of the term or loan-to-value...

By Ryan Magee1, Mortgage Banker
(Bridgeview Bank)
Comments 0
Homes are more affordable now than anytime in the past 20 years, according to the National Association of Home Builders Housing Opportunity Index. The index measures the percentage of homes affordable to a family making the national median income of $64,200. During the fourth quarter of last year...

By Ryan Magee1, Mortgage Banker
(Bridgeview Bank)
Comments 0
The U.S. Census Bureau and the Department of Housing and Urban Development’s New Residential Sales report for January shows sales of new single-family homes were 0.9 below December’s upwardly revised annual rate of 324,000. The revision to December’s rate, previously reported to be 307,000, put t...

By Ryan Magee1, Mortgage Banker
(Bridgeview Bank)
Comments 0
According to the Mortgage Bankers Association’s Weekly Applications Survey, mortgage applications decreased 4.5 percent last week from the week before. Despite the decline, the Market Composite Index, which measures mortgage applications volume, is relatively flat over the past four weeks due to ...

By Ryan Magee1, Mortgage Banker
(Bridgeview Bank)
Comments 0
The Federal Housing Administration will announce additional premium changes to its mortgage business and streamlined refinance programs in the coming days. FHA Acting Commissioner Carol Galante said in a speech at the Mortgage Bankers Association servicing conference in Orlando, Fla., Wednesday t...

By Ryan Magee1, Mortgage Banker
(Bridgeview Bank)
Comments 0
The National Association of Realtors reports that existing-home sales rose again in January, the third improvement in the past four months. Sales of previously owned homes, including single-family, townhomes, condominiums, and co-ops, increased 4.3 percent to an seasonally adjusted annual rate of...

By Ryan Magee1, Mortgage Banker
(Bridgeview Bank)
Comments 0
The number of homes for sale nationwide fell for the eighth-straight month in January and is now 23.2 percent below last year’s levels. According to data from Realtor.com, inventory dropped 6.59 percent from the month before which, along with stabilizing prices, is a positive sign for the housing...

By Ryan Magee1, Mortgage Banker
(Bridgeview Bank)
Comments 0
The U.S. Census Bureau and the Department of Housing and Urban Development’s new residential construction statistics for January show privately-owned housing starts rose to a seasonally adjusted annual rate of 699,000, exceeding economists’ expectations. The increase put starts 1.5 percent above ...

By Ryan Magee1, Mortgage Banker
(Bridgeview Bank)
Comments 0
Builder sentiment rose for the fifth consecutive month in February, according to the National Association of Builders’ Housing Market index. The index measures builder confidence in the market for newly built, single-family homes on a scale where any number over 50 means more builders view the ma...

By Ryan Magee1, Mortgage Banker
(Bridgeview Bank)
Comments 0
Builder sentiment rose for the fifth consecutive month in February, according to the National Association of Builders’ Housing Market index. The index measures builder confidence in the market for newly built, single-family homes on a scale where any number over 50 means more builders view the ma...

By Ryan Magee1, Mortgage Banker
(Bridgeview Bank)
Comments 0
According to the Mortgage Bankers Association’s Weekly Applications Survey, demand for home loans was flat last week, with the Market Composite Index dipping just 1.0 percent after surging 7.5 percent the week before. The drop was caused by declines in the Purchase Index, while the Refinance Inde...

By Ryan Magee1, Mortgage Banker
(Bridgeview Bank)
Comments 0
Fannie Mae’s National Housing Survey polls 1,000 Americans each month about their attitudes toward homeownership, mortgage rates, the economy, personal finances, and overall consumer confidence. January’s survey finds Americans more optimistic about the economy and the housing market. Specificall...

By Ryan Magee1, Mortgage Banker
(Bridgeview Bank)
Comments 0
If your interest rate is 4.75% or higher you are wasting money every day you let go by that you don't call me. Call for a no cost, no obligation mortgage check up. I'll need 5 minutes of your time over the phone to gather some information to show you how much money I can save you. Rates are at al...

By Ryan Magee1, Mortgage Banker
(Bridgeview Bank)
Comments 0
According to Gallup, Americans’ economic confidence and sense of well being both rose in January. Gallup’s Life Evaluation Index, which asks Americans to rate their current and future lives on a scale from 0 to 10, climbed to its highest level in 11 months, increasing to 50.1 from 48.4 in Decembe...

By Ryan Magee1, Mortgage Banker
(Bridgeview Bank)
Comments 1
The National Association of Realtors Housing Affordability Index reached a record high in 2011. The index, which began in 1970, measures the relationship between median home price, median family income, and average mortgage interest rate. The index defines 100 as the point where a median-income h...
B of A Can't Process All Refi Applications   Bank of America Corp. is limiting the number of refinance applications it accepts over the phone, telling borrowers who do not have an existing relationship with the bank that they may have to wait 60 to 90 days before their loan application can be pro...

By Ryan Magee1, Mortgage Banker
(Bridgeview Bank)
Comments 0
Several Federal and State agencies announced today a 25 billion dollar foreclosure settlement with many of the largest banking institutions in the U.S.. While many of the details could possibly take years to iron out, the attached article provides a brief synopsis of what is known currently: http...

Hudson, WI Real Estate Professionals