freddie mac

The Week in Housing: New Construction Report, Interest Rates, Builder Confidence

by Ryan Hinricher | June 20, 2011

New Construction – Housing Starts The Census Bureau reported that housing starts were up for the month of May to a seasonally adjusted annual rate of 560,000. This represents a 3.5% increase from April but is still 3.4% below May 2010’s pace of 580,000. New Construction – Building Permits Building permits were also up in [...]

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Housing

The Week in Housing: Lower Rates, Negative Equity, and Homeowner Confidence

by Ryan Hinricher | June 13, 2011

Rates Slide as Economy Weakens Following a poor performance in the labor market, interest rates fell for the week ending June 9th, 2011. The economy added just 54,000 new jobs in May much less than analysts expected and the unemployment rate increased to 9.1%. The economic recovery is running out of steam and factories cut [...]

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Housing

The Week in Housing: The Double-Dip; Where do we go from here?

by Ryan Hinricher | June 6, 2011

Home Prices are busted The most closely watched indicator of home prices, S&P’s Case-Shiller Home Price Index, fell below its April 2009 low to solidify the case for an official double-dip. For the month ending March 2011, 19 out of the 20 cities in the index saw price declines. Washington D.C. was the only market [...]

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Housing

Negative Equity, CoreLogic’s Home Price Index, Interest Rates, and more: The Week in Housing

by Ryan Hinricher | May 16, 2011

The ever-changing housing market continues this week with an update on interest rates, negative equity from Zillow, and the March Home Price Index from CoreLogic. Interest Rates Continue Short Term Slide Mortgage rates declined for the week ending May 12, 2011. Freddie Mac reported the 30-year fixed mortgage rate dropped to 4.63% from 4.71% a [...]

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Housing

Interest Rates Creep Up, a Big Decline in Foreclosures, and more: The Week in Housing

by Ryan Hinricher | April 18, 2011

This week we cover increasing interest rates, declining foreclosures, and get an update on mortgage applications. We’ll also look ahead to next week’s busy week of housing data. Rate Creep is Back Thankfully for the housing market, rates have been relatively stable lately, rising only nominally. However this week’s drift up in rates marks the [...]

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Commentary

What a Private Mortgage Market Could Mean to You

by Kevin Kaczmarek | March 9, 2011

The New York Times featured an interesting article last week on life after the 30 year mortgage. More specifically, how the mortgage market would look like if Freddie Mac and Fannie Mae go away. Some would say, the reduction in government “guidance” in the mortgage market will be good for free enterprise and will create [...]

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Foreclosures

Short Sale Negotiating with Fannie and Freddie

by Melissa Zavala | March 8, 2011

Lately, I’ve been doing a lot of negotiating with Fannie and Freddie—you know… our friends Fannie Mae and Freddie Mac. These friends have been in the news quite often of late, and they certainly aren’t making short sale processing any easier. For homebuyers and home sellers not involved in short sales, there may be very [...]

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Housing

Home Prices, Interest Rates, and Existing Home Sales: The Week in Housing

by Ryan Hinricher | February 28, 2011

Home prices are still declining. Does this mean you should wait before buying? Mortgage rates dipped but will it last? The National Association of Realtors reported on Existing Home Sales this week. Will home sales continue to outperform weak expectations? Case-Shiller: Home Price Go Lower Standard & Poor’s Case-Shiller Home Price Index was released [...]

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Housing

Sliding Home Prices, Higher Interest Rates, and Slow Mortgage Activity: The Week in Housing

by Ryan Hinricher | January 31, 2011

This week housing market news was largely bearish with declining home prices being the top story. Also are interest rates closing in on last year’s rates? Mortgage activity is reversing to the negative as well. But a sliver lining in new home sales keeps analysts optimistic. Case-Shiller: Home Prices Continue 2nd Slide Home prices continue [...]

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Housing

Home Prices, Interest Rates, Delinquent Loans, and Pending Home Sales – The Week in Housing

by Ryan Hinricher | January 3, 2011

The final week of 2010 gave us insight on mortgage loan delinquency, a final update on interest rates, October home prices, and pending home sales. Also, we’ll finish off with some predictions for 2011. 4.3 Million Loans Are 90-days Late or in Foreclosure Lender Processing Services (LPS), the nation’s leading provider of mortgage processing services, [...]

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Real Estate Investing

Look Who’s on Santa’s Naughty List This Year

by Marty Boardman | December 22, 2010

Daddy, this is boring – when are they going to talk? The Nutcracker had just started and already my 6 year-old daughter, Audrey, was complaining. Evidently no one had explained to her that there is no dialogue in a ballet. I blame my wife. It is not a Dad’s job to know the storyline of [...]

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Housing

Shadow Supply Leaps, Rates Hold, Purchase Activity Highest Since May

by Ryan Hinricher | November 29, 2010

This week’s housing recap includes supply numbers on both the existing inventory from NAR and the shadow inventory from CoreLogic. Plus we’ll look at the Census Bureau’s update on new, single-family home sales. Lastly, we’ll get an update on interest rates, and discuss a big spike in mortgage purchase applications. Shadow Supply Leaps, While Actual [...]

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Housing

Foreclosures Derail Housing, Interest Rate Drops, and Strength in Mortgage Applications

by Ryan Hinricher | October 18, 2010

Volatility in the housing market just hit a new high as prices are dropping but not as fast as rates. The spotlight is back on foreclosures with the new robo-signer mess while purchase applications soar along side home repossessions. A truly turbulent week for the housing market took place. Foreclosure Mess to Derail Housing Market? [...]

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Real Estate News

Housing Market Insight – Week of August 23rd

by Ryan Hinricher | August 23, 2010

During this most recent mid-month week of housing news, the Obama Administration released its recent Housing Scorecard, Freddie Mac’s interest rate survey continued to shock both analysts and borrowers, a reversal occurred in the latest purchase application trends, and Deutsche Bank made a bold prediction about residential construction jobs. And to close out in the [...]

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Mortgages & Lending

Fed Leaving Door Open to Extend Mortgage Backed Security Purchases

by Ryan Hinricher | February 8, 2010

I’ve been curious lately about the end of the Mortgage Backed Security (MBS) purchases by the Federal Reserve in March. The Fed is planning to end the program in less than 60 days on March 31st. Currently they stand at about 94% having purchased 1.17 trillion of the 1.25 trillion allocated to purchase these securities. [...]

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