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Fixed-Rates Flat This Week
March 18, 2010 Posted by Freddie Mac
McLean, VA - March 18, 2010 - (RealEstateRama) — Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey® (PMMS®) in which the 30-year fixed-rate mortgage (FRM) averaged 4.96 percent with an average 0.7 point for the week ending March 18, 2010, up slightly from last week when it averaged 4.95 percent. Last year at this time, the 30-year FRM averaged 4.98 percent.
MBA Analysis: Commercial and Multifamily Mortgage Debt Outstanding Declined 2.8 Percent in 2009
March 18, 2010 Posted by MBA
Washington, DC - March 18, 2010 - (RealEstateRama) — The level of commercial/multifamily mortgage debt outstanding decreased by 1.7 percent in the fourth quarter, to $3.4 trillion, according to the Mortgage Bankers Association (MBA) analysis of the Federal Reserve Board Flow of Funds data. On a year-over-year basis, the amount of mortgage debt outstanding at the end of 2009 was $99 billion lower than at the end of 2008, a decline of 2.8 percent.
USGBC and Sierra Club Volunteers Lead Green Building Tours Across the U.S.
March 17, 2010 Posted by USGBC
Washington, DC - March 17, 2010 - (RealEstateRama) — Local volunteers of the Sierra Club and the U.S. Green Building Council (USGBC) will conduct public tours of green buildings across the country to highlight the local economic and environmental benefits of energy-efficient, high-performance green buildings. The tours are part of the national “Green Buildings for Cool Cities,” a partnership between the Sierra Club and USGBC. The project is aimed at helping cities nationwide make green buildings and communities a key component of their economic and environmental recovery efforts
Mortgage Applications Decrease in Latest MBA Weekly Survey
March 17, 2010 Posted by MBA
WASHINGTON, D.C. - March 17, 2010 - (RealEstateRama) — The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending March 12, 2010. The Market Composite Index, a measure of mortgage loan application volume, decreased 1.9 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 1.7 percent compared with the previous week.The Refinance Index decreased 1.7 percent from the previous week and the seasonally adjusted Purchase Index decreased 2.3 percent from one week earlier. The unadjusted Purchase Index decreased 1.8 percent compared with the previous week and was 13.9 percent lower than the same week one year ago
Single-Family Starts Hold Firm In February
March 16, 2010 Posted by NAHB
WASHINGTON D.C. - March 16, 2010 - (RealEstateRama) — The pace of single-family home production remained virtually unchanged in February, with a 0.6 percent decline to a seasonally adjusted annual rate of 499,000 units, according to figures released today by the U.S. Commerce Department. Meanwhile, a large decline on the more volatile multifamily side brought the overall number of housing starts down 5.9 percent to a seasonally adjusted annual rate of 575,000 units.
Foreclosures Weigh on Builder Confidence in March
March 15, 2010 Posted by NAHB
March 15, 2010 - (RealEstateRama) — Builder confidence in the market for newly built, single-family homes fell back two points to 15 in March as poor weather conditions and distressed property sales posed increasing challenges to both builders and buyers, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI), released today
Mortgage Rates Drop Slightly in Freddie Mac Weekly Survey
March 11, 2010 Posted by Freddie Mac
McLean, VA - March 11, 2010 - (RealEstateRama) — Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey® (PMMS®) in which the 30-year fixed-rate mortgage (FRM) averaged 4.95 percent with an average 0.7 point for the week ending March 11, 2010, down from last week when it averaged 4.97 percent. Last year at this time, the 30-year FRM averaged 5.03 percent.
MBA Report Shows Economic Fallout Continues to Impact Commercial Real Estate Markets/Delinquencies in 4th Quarter 2009
March 11, 2010 Posted by MBA
Washington, DC - March 11, 2010 - (RealEstateRama) — Delinquency rates continued to increase in the fourth quarter for most commercial/multifamily mortgage investor groups, according to the Mortgage Bankers Association’s (MBA) Commercial/Multifamily Delinquency Report
U.S. FORECLOSURE ACTIVITY DECREASES 2 PERCENT IN FEBRUARY
March 11, 2010 Posted by RealtyTrac
IRVINE, CA - March 11, 2010 - (RealEstateRama) — RealtyTrac® (realtytrac.com), the leading online marketplace for foreclosure properties, today released its February 2010 U.S. Foreclosure Market Report™, which shows foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 308,524 U.S. properties during the month, a decrease of 2 percent from the previous month but still 6 percent above the level reported in February 2009. The report also shows one in every 418 U.S. housing units received a foreclosure filing in February.
Ranks of Homeless Veterans Drop 18 Percent
March 11, 2010 Posted by RealEstateRama
Wide-Ranging Partnerships and VA Commitment Credited. WASHINGTON D.C. - March 11, 2010 - (RealEstateRama) — The number of Veterans homeless on a typical night dropped 18 percent as the Department of Veterans Affairs (VA) entered the second year of its campaign to eliminate homelessness among Veterans within five years.
