Pearce RE Names 2017’s Rookie of the Year
Pearce Real Estate named Stephanie Davis, residential agent in the Wallingford office, as Rookie of the Year for 2017.
Mortgage Rates Jump Across the Board
The 10-year Treasury yield surged this week, jumping 12 basis points. The 30-year mortgage rate followed suit, increasing 6 basis points to 3.94 percent. Today’s survey rate is the highest rate in three months.
Multifamily Lending Up In 2017
Multifamily lending was up 8 percent year over year in 2016, with nearly 3,000 different multifamily lenders providing a total of $269.2 billion in new mortgages for apartment buildings with five or more units, according to a new report from the Mortgage Bankers Association.
Mortgage Applications Fall As Rates Edge Upward
Mortgage applications decreased 2.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending October 6, 2017.
Mortgage Rates Jump Up
The 30-year mortgage rate increased for a second consecutive week, jumping 6 basis points to 3.91 percent. The 10-year Treasury yield also rose, climbing 4 basis points this week.
Residential Mortgage Delinquencies Hover Around 10-Year Low
Loan performance remained flat in July 2017 after hitting 10-year lows the previous month, according to a report released today from CoreLogic, a global property information and analytics firm.
Natural-Lawn Advocate Successfully Contests Blight Citation
A natural-lawn advocate has successfully contested a blight citation for her yard.
Mortgage Standards Organization Seeking Industry Input
MISMO, the mortgage industry’s standards organization, is inviting industry participants to collaborate on new closing instruction standards, which will be designed to improve communication and avoid delays during the closing process.
Single-Family Sales Rise By Double Digits In July
Single-family home sales in Connecticut jumped 12.7 percent in July compared to July of 2016, according to the latest report from The Warren Group, publisher of The Commercial Record.
Most Housing Markets See Price Hikes, Setting National Price Record
Median home prices in the second quarter eclipsed a record high set in 2016, jumping 6.2 percent year over year as the inventory crunch continues to push property values higher, according to the National Association of Realtors.
Mortgage Rates Jump Again
After fully absorbing the sharp increases in Treasury yields over the past couple of weeks, the 30-year mortgage rate has cleared the psychologically important 4 percent mark for the first time since May. Today’s survey rate stands at 4.03 percent, up 7 basis points from last week.
TD Bank Invests In Connecticut’s Affordable Housing Initiative
TD Bank announced that its commercial lending group in Connecticut closed a $50 million direct purchase bond facility that will finance nearly 300 mortgages for low-to-moderate income borrowers purchasing their first homes, or borrowers who have not owned a home in the past three years.
GE’s Move To Boston Could Be Mixed Bag For Fairfield
General Electric’s announcement last month that after 42 years, it will be selling its corporate headquarters in Fairfield and moving to Boston by 2018, made a big splash in the news – but economists say the move won’t rend the fabric of Fairfield County. GE announced...
Low Interest Rates Key To Strong Sales In 2015
With just a few weeks to go until it’s over, real estate professionals are calling 2015 a good year. While prices dipped slightly year-over-year, the number of sales jump considerably.
Feeding The Pipeline
Whether you’re a new agent who would like to start making income right from the start or an experienced agent who is looking for new sources of clients, Bamboo Realty and Barker and Hedges RE/MAX Results have figured out strategies that can help you achieve this goal in your market.
Developers Building For A Mix Of Millennials And Empty Nesters
Boomers decide to buy new homes en masse, what will they be looking for? That’s the million-dollar question, and a couple of developers think they’re on to the answers.
Threats From All Sides
We occasionally receive some … interesting … press releases and pitches here in The Commercial Record’s newsroom. Last week’s included an email from the “just inaugurated federal government of Nigeria” requesting
Timely Communication Is The Key To Smooth TRID Implementation
Though the delay no doubt gave the industry a collective moment to catch its breath, the relief is short-lived: the new TILA-RESPA Integrated Disclosure (TRID) rules are still coming. But all the anxious anticipation may come to nothing; industry insiders say they think the transition will be easier than expected.
Help For Underwater Homeowners In 2015
Although most real estate markets have rebounded from their recession lows, this harsh fact remains: About 7 million homeowners continue to be stuck in the tar pit of serious negative equity, with mortgage debt at least 25 percent higher than the value of their property, according to research firm RealtyTrac.
Three Generations Of Lending
A legend in Connecticut banking circles, Bill McCue took has taken the mortgage firm his father founded after World War II and turned it into one of the largest independent mortgage lenders in the state of Connecticut. He spoke with The Commercial Record about getting his start as a lender and his hopes and plans for improving the state of the Connecticut housing market.
