FHFA: Deceleration in home prices short-lived

Posted November 23, 2016 / No comments

Home prices picked up speed in the third quarter, showing that the slow-down seen earlier this year was temporary. Home prices increased even as much as 10% in several states. An economist from the Federal Housing Finance Agency explains the significant home price increase. Source: Housing Wire

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U.S. durable goods orders rebound, shipments rising

Posted November 23, 2016 / No comments

WASHINGTON, Nov 23 (Reuters) – – New orders for U.S. manufactured capital goods rebounded in October, driven by rising demand for machinery and a range of other equipment, the…(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Source: Mortgage News Daily

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MBA: 30-year mortgage rate now at highest level since start of 2016

Posted November 23, 2016 / No comments

The impact of the election is even more apparent in this week’s mortgage application report. The previous report quickly brought an end to weeks of lackluster mortgage application reports, and this week’s report only further cements that. In light of this, the 30-year mortgage rate now sits at its highest weekly average since the beginning

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Former SEC commissioner named to CFPB landing team by Trump transition team

Posted November 22, 2016 / No comments

Every day more details are coming out on what the Trump administration will look like. Tuesday the president-elect’s team announced it selected a former Republican member of the Securities and Exchange Commission to be on the landing team for the Consumer Financial Protection Bureau. These teams are being created to work with the outgoing Obama

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