Mortgage News Archive - May 2010
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Incomes Up, But Spending Flat
May 28, 2010Consumers held the line on spending in April, putting more into savings even as incomes rose.
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Mortgage Rates At or Near Record Lows - Again
May 27, 2010Mortgage rates fell again this past week, hitting record or near-record lows, according to the weekly...
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New Homes Sales at Two-Year High
May 26, 2010New home sales surged in April to their highest rate in two years, as purchasers took advantage of...
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Home Prices Decline Despite Tax Credit
May 25, 2010Home prices fell in the first quarter of the year, despite tax incentives and continued low interest rates...
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Home Sales Post Third Consecutive Gain
May 24, 2010Existing home sales rose for the third consecutive month in April, as buyers took advantage of a soon-to-...
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HAMP Rejections Soar; New Modifications Dwindle
May 21, 2010New borrowers admitted to the government’s Home Affordable Modification Program (HAMP) fell in April...
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Delinquencies Rise, Foreclosure Rate Sets Record
May 20, 2010More than one borrower in 10 is behind on their mortgage payments, according to a new report, as mortgage...
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Mortgage Rates Fall, But So Do Home Purchase Applications
May 19, 2010Mortgage applications for home purchases fell to their lowest level in 13 years last week, as home buying...
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Senate Approves Rule Authorizing Free Credit Scores
May 18, 2010An amendment adopted by the U.S. Senate on Monday would give consumers free access to their credit scores...
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Mortgage Rate Increases Likely to Be Modest: Fannie Mae
May 17, 2010Fixed rate mortgages will rise this year, but not enough to choke off home buying activity by consumers...Read More
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30-Year Rates Fall Back Below 5 Percent
May 14, 2010Mortgage rates dropped to their lowest levels of 2010 this week, with 5-year adjustable rate mortgages...
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Foreclosures Post First Annual Decline in Three Years
May 13, 2010Foreclosures posted their first annual decline in at least three years in April, providing a hopeful...Read More
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Most Cities Show Annual Gains in Home Values
May 12, 2010A majority of U.S. cities are seeing gains in housing prices, even home values nationwide have remained...Read More
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Signs of Improvement in Commercial Real Estate
May 11, 2010Senior real estate executives are beginning to see signs of improvement in the commercial real estate...
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Nearly One-Fourth of Mortgages Now Underwater
May 10, 2010Nearly one-quarter of all U.S. mortgages are now underwater, according to figures released today by real...
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Home Prices Down 5 Percent in Most Recent Quarter
May 07, 2010U.S. home prices fell 5 percent in the last quarter reported, as foreclosures posted a slight increase in...
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Mortgage Rates at Six-Week Low
May 06, 2010Mortgage rates fell again this past week, with 30-year fixed rate loans averaging an even 5.0 percent,...
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Mortgage Applications Rise as Tax Credit Ends
May 05, 2010Applications for home mortgage rose in the final week of April, as borrowers sought to take advantage of...
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Pending Home Sales Up Again
May 04, 2010Pending home sales rose in March, as the spring homebuying season got underway and buyers sought to take...
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Consumer Spending, Incomes Rise
May 03, 2010Consumer spending and personal incomes both rose in March for the sixth consecutive month, raising hopes...
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