2015 has already been a very busy news year, with no sign of slowing down. In case you’ve missed the strange, funny or intriguing financial news you crave, check out This Week in Financial Blunders to see what you’ve been missing.
Two new Quicken Loans reports show home values rising and more agreement between appraisers and homeowners on home values in the market.
According to two surveys done by Lab42, Americans plan to spend more during this holiday season. This statistic also offers insight into the health of the national economy.
News on home prices, consumer confidence, mortgages and more in this week’s Market Update.
It’s October and that means one thing – it’s time for the Federal Reserve to meet again. They did, Wednesday. The big news was the official end of quantative easing, or the Fed buying mortgage and Treasury bonds to keep mortgage rates low.
Get mortgage news, a look at the markets and more in this week’s Market Update.
After looking at the gap in home values as perceived by homeowners and appraisers, it became apparent that consumers significantly over estimated the value of their homes during the 2008 and 2009 downturns. This time period became one of the worst housing markets in decades, and caused millions of mortgage applications industry-wide to be restructured or denied. To help prevent this in the future, we’ve introduced two new exclusive indexes.
According to the Primary Mortgage Market Survey released by Freddie Mac, average fixed-rate mortgage rates hit new lows for the year.
Jobless claims continue to fall, as do mortgage rates. It wasn’t a good week on Wall Street. All that and a look at the week ahead in the Market Update.
Initial claims dropped 8,000 to 187,000, while continuing claims decreased 45,000 to a new recovery low of 2.398 million.