by David Floyd | Nov 8, 2018 | Mid America Mortgage, Inc, Mortgage Lending, Real Estate Market
Labor Data, Elections Play Tug-of-War With Mortgage Rates Overview: Over the past week, stronger than expected labor market data was negative for mortgage rates, while the election results were positive. The net result was that mortgage rates ended the week slightly...
by David Floyd | Nov 5, 2018 | Mid America Mortgage, Inc, Mortgage Lending, Real Estate Market
Pending home sales increased 0.5 percent in September with substantial gains in both the West and Midwest regions, according to the latest information from the National Association of Realtors (NAR). The Pending Home Sales Index (PHSI), a forward looking indicator...
by David Floyd | Oct 26, 2018 | Mid America Mortgage, Inc, Mortgage Lending, Real Estate Market
When you buy a home using a mortgage, an escrow account is usually set up by your lender in order to help manage your property tax and insurance costs. Rather than having to save up and pay these bills separately, part of your mortgage payment is deposited into the...
by David Floyd | Oct 24, 2018 | Mid America Mortgage, Inc, Mortgage Lending, Real Estate Market
More home remodelers are reporting an increase in market activity, as the National Association of Home Builders’ (NAHB) Remodeling Market Index (RMI) posted a reading of 58 in the third quarter of 2018. This continues the trend of the RMI consistently posting readings...
by David Floyd | Oct 22, 2018 | Mid America Mortgage, Inc, Mortgage Lending, Real Estate Market
The sales of existing homes fell in September, after remaining almost completely flat the month prior. However, the level of existing-home inventory held its annual gain, reflecting a slight improvement over September 2017. According to recent data released by the...
by David Floyd | Oct 18, 2018 | Mid America Mortgage, Inc, Mortgage Lending, Real Estate Market
There were significantly more homes that experienced a price cut in August, according to new data released by Trulia. According to a report by the real estate listing site, 17.2 percent of US listings had a price reduction, an increase from 16.7 percent in August...