Residential Real Estate

Fannie Mae’s Economic Forecast Unchanged By Hurricanes

The 2017 economic growth forecast remains unchanged at 2.2 percent following expected offsetting hurricane-related impacts to GDP growth in the third and fourth quarters, according to the Fannie Mae Economic & Strategic Research (ESR) Group’s October 2017 Economic and Housing Outlook.

Mortgage Rates Jump Up

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.

2016 HMDA Data Now Available

Data is now available on mortgage lending transactions at 6,762 U.S. financial institutions covered by the Home Mortgage Disclosure Act (HMDA) for 2016.

MBA Reports Applications Down Again Last Week

Mortgage applications decreased 0.5 percent from the week prior for the week ending Sept. 22, 2017, per the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey.

CFPB Orders Meridian Title To Pay Consumers Up To $1.25M

CFPB Orders Meridian Title To Pay Consumers Up To $1.25M

The Consumer Financial Protection Bureau took action today against real estate settlement services provider Meridian Title Corporation for steering consumers to a title insurer owned in part by several of its executives without making disclosures about the businesses’ affiliation.

Mortgage Rates Hold Flat

Mortgage Rates Hold Flat

Rates held relatively flat this week. The 10-year Treasury yield fell just 1 basis point, while the 30-year mortgage rate remained unchanged at 3.83 percent.