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Home Mortgage Industry Trends.. Pending home sales for July fell 2.5% and year-over-year contract signings fell 0.3%, Ellie Mae’s July Origination Insight Report found that the 30-year mortgage dropped for the seventh-consecutive month to 4.18%.
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This means that the factors to consider when deciding about a reverse mortgage in 2016 might be different from getting one last year. For example, many experts have made predictions about the housing market as a result of interest rates trending upward this year.
Experts: New Job Growth Expected to Drive Migration Back to Middle America By Cory Hopkins on Aug. 10, 2016 Panelists surveyed by Zillow said they expected home values to end 2016 up 4.5 percent year-over-year, on average, and for the median U.S. home value to exceed its pre-recession peak by November 2017.
Search and filter all of our resources to find the best ones for you.. Will 2016 Be the Year of the Seller? February 17, 2016.. "This return to consistent home price gains for sellers should reinforce confidence in real estate in 2016 and produce another year of solid sales volume as.
Many would say that the overall pattern for the mortgage market in 2016 has been laid out by the chancellor in his Autumn Statement, with a potential spike in buy-to-let applications early in the year to beat the stamp duty surcharge in April.
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It turns out 2017 was a banner year for mortgages, just not all of them. A total of $1.148 trillion in home purchase mortgages were funded last year, the highest total since 2006, per new data from Inside Mortgage Finance.. I guess if we consider inflation, and the fact that it has been over a decade, the numbers aren’t as peachy as they look.
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– 30 Year Fixed rate mortgage. home sales are the highest in a decade, but are unlikely to grow by much going forward.. at 6.6 percent from the second quarter of 2016 to the same period in.
2016 Mortgage Rate Forecasts, Made By mortgage industry insiders. family construction and sales to improve in 2016.. modest growth in sales nationally in 2016, making it the best year since.