Category Archives: Fine Homes

The Real Cost of Homeownership


Anyone who’s owned a home before knows their expense extends beyond insurance and a mortgage. How much, really, does homeownership cost?   According to the U.S. Census Bureau’s American Housing Survey (AHS), recently released with data from 2015, the real … Continue reading

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Improving Housing Markets Continue to Solidify


Indianapolis, Ind., and Columbus, Ohio, have entered their historic benchmark levels of housing activity, according to Freddie Mac's recent Multi-Indicator Market Index® (MiMi®). The national MiMi value stands at 85.1, largely unchanged from last month, indicating a housing market that's on … Continue reading

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Mortgage Rates Trickle Down


Average fixed mortgage rates have dropped slightly from last week's post-Brexit high, according to Freddie Mac's recently released Primary Mortgage Market Survey® (PMMS®).   "The 10-year Treasury yield declined after last week's post-Brexit high in anticipation of the Fed's September policy … Continue reading

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Home Purchase Sentiment Index Reaches New High


As the market makes bold moves, Fannie Mae’s Home Purchase Sentiment Index® (HPSI) increased 3.3 points to 86.5 in July, reaching a new all-time survey high and indicating a more positive outlook in the housing market-specific HPSI components. Each of the … Continue reading

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Mortgage Applications Drop 11 Percent


Mortgage applications decreased 11.2 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending July 22, 2016. The Market Composite Index, a measure of mortgage loan application volume, … Continue reading

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Mortgage Volume Rises in Q1 2016


Total mortgage volume increased in Q1 2016 when compared to opening quarters in previous years, according to Equifax Inc.'s May 2016 National Consumer Credit Trends Report. Total new accounts and year-over-year increases for the first quarter of 2016 include: Home equity … Continue reading

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Foreclosed Homes Boomerang in Value


Homes that were foreclosed during the housing crisis have gained almost twice as much value as other homes, according to a new Zillow® analysis. But the original owners of those homes have not benefited from that recovery. Since low-end homes … Continue reading

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