U.S. Mortgage Applications Rise in Latest Week
Reuters | July 8, 2015
The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, rose 4.6 percent in the week ended July 3.
Federal Reserve Still Hesitant to Raise Rates
HousingWire | July 8, 2015
According to the latest round of Federal Open Market Committee minutes, despite signs of economic progress, only one of the 10 FOMC members was ready to increase the federal funds rate during the June meeting.
More Home Owners Warm Up to Idea of Selling
Realtor Mag | July 8, 2015
Home owners are becoming more upbeat about potentially selling their home, which should bode well for purchase activity this year, according to Fannie Mae’s June 2015 National Housing Survey, a survey of 1,000 Americans about their attitudes toward housing. Thanks to increased job and income growth, more consumers are viewing the current selling climate more optimistically, which could help reverse the low inventory.
We love hearing good news like this! The positive swing forward is keeping us all busy and we are enjoying every minute of it. Hopefully you are taking advantage of the opportunities that are available in this market. Remember when you are buying, selling or refinancing select Treasure Title for your closing agent, we are here to help.
We look forward to hearing from you.
JoAnne