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Mortgage Rates Hit New Lows Again

For the second week in a row, mortgage rates have fallen to their all-time lows. Data from Freddie Mac’s Primary Mortgage Market Survey show that mortgage rates continue to fall to record lows. Frank Nothaft, Freddie Mac Chief Economist said, “Fixed mortgage rates continued to ease somewhat this week to record lows and should help […]

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Mortgage Rates Fall to Record Lows

Mortgage rates fell to all-time record lows this week, according to Freddie Mac. Data from its Primary Mortgage Market Survey show that mortgage rates dropped to new lows, pushing housing affordability up for homebuyers. The last time mortgage rates were at their all-time lows was the week of October 4th, 2012. “Fixed mortgage rates eased […]

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Building Permits Soar 46% in Greater Indianapolis

The number of building permits jumped 46 percent in October, according to the Builders Association of Greater Indianapolis. This increase marks the largest monthly gain so far this year in the nine-county metro area. Last month, building permits only increased 6.7 percent. Home builders filed 394 building permits in October, up from 269 October 2011. […]

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Mortgage Rates Continue to Hover Around Lows

Freddie Mac released the results of its Primary Mortgage Market Survey for the week ending November 8th, 2012, showing mortgage rates continuing to hover around their all-time lows for the past six weeks. As a result of mortgage rates being so low, this has pushed homebuyer’s purchasing power a lot higher and helped refinancers unlock […]

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Impact Foreclosure Have on Home Values

Nearly $2 trillion dollars in home values have been drained from nearby foreclosures People who happen to live near foreclosures lose significant home equity. Source: KCM

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Mortgage Rates Back Near Record Lows

Under signs of low inflation and a growing economy, mortgage rates remained slightly unchanged this week, Freddie Mac reports. According to its Primary Mortgage Market Survey, mortgage rates inched down this week and are hovering near their all-time record lows. A closer look at the mortgage rates for the week ending November 1st, 2012: 30-year […]

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Mortgage Rates Hardly Move from Record Lows

Mortgage rates moved up slightly this week but remained near their all-time lows, according to Freddie Mac. The results of its Primary Mortgage Market Survey showed fixed mortgage rates hovering around their record lows are helping to support the housing market. “Mortgage rates remained relatively unchanged this week and should continue to support the housing […]

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New Home Sales Post Largest Gain in More Than Two Years in September 2012

In September, new home sales were at a rate of 389,000, the strongest pace of sales since April 2010. According to the U.S. Census Bureau, new home sales in September had a 5.7% growth from August, and a 27.1% jump from a year ago. New home sales varied by region, with 215,000 new home sales […]

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15-Year Fixed Mortgage Rate Falls to Record Low Despite Strong Construction Pace

Moments ago, Freddie Mac released the results of its Primary Mortgage Market Survey, showing mortgage rates remained more or less unchanged this week as home construction builds up steam. “Construction on single-family homes jumped to an annualized rate of 11 percent in September, the strongest pace since August 2008.” Despite the rise in homebuilder confidence, […]

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Building Permits in Greater Indianapolis for September 2012

Nationally, building permits for single-family properties in September were at a rate of 545,000; this is 6.7 percent above the revised August figure of 511,000, and 27.3 percent above September 2011. Building permits for privately-owned housing units were at a rate of 894,000 in September; 11.6 percent above last month’s rate of 801,000 and 45.1 […]

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