Items Tagged with 'November'

ARTICLES

3 million refis and counting

The Home Affordable Refinance Program passes a milestone
Demand for the Home Affordable Refinance Program continued to trickle as mortgage rates climbed higher after June 2013. But just how much did this affect refinance volume in 2013?
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New home sales fell 7% in December

Market inventory reaches a 5-month supply
New home sales maintained a downward trajectory in December, falling 7% below November’s revised rate of 445,000 unit sales to a seasonally adjusted annual rate of 414,000 units. But this is still 4.5% above year earlier levels.
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Housing starts drop 9.8%

Activity slows after a long year of tepid growth
The month of December brought 999,000 privately-owned housing starts, compared to a revised figure of 1.107 million in November and 983,000 last year.
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Credit standards going easy on jumbo mortgages

Demand for non-government loans keeps growing
While mortgage originations have hit the lowest level since 2010, it is not all bad news. Rising home prices have helped cause an increase in demand of home equity lines of credit, in addition to 2013 originating the best-performing mortgages on record.
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Home prices jump 11.8%

New CoreLogic report shows 21 months of consecutive gains
Home prices, including distressed sales, edged up 11.8% in November when compared to a year earlier, representing the 21st consecutive annual home price increase nationally.
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