Rates Mixed, Still Near Recent Lows; OCC Report on Mortgage Performance; CFPB on HMDA and 1003

Mortgage Rates were mixed today, with some lenders in slightly weaker territory while others offered modest improvements versus yesterday. The dichotomy has to do with the timing of yesterday's market movements. Bond market began the day in weak territory yesterday but improved noticeably by the end of the day. Some lenders sent out updated (better) rate sheets while others stood pat. Lenders whose rates increased today tended to come from the group that offered improvements yesterday afternoon. Long story short, there was a brief window of the week's best rates for some lenders yesterday with everyone getting mostly back on the same page today. Fortunately, that page is still a good one. While rates aren't quite as low as they were earlier this week, they're still much lower than they were

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http://www.mortgagenewsdaily.com/reports/newsletter/2016/9/30/2421

The $1000 Show - Show 399

Real Estate Today Radio - SHOW 399

On this week's Real Estate Today, it's our special show "The $1000 Show."

This Week's Show Includes:
- Top News Of The Week
- The 'No-Spend' Month
- Save More By Partnering Up
- Ask The Millennial
- Smart Home Technology
- Get REALTOR(R)

Become a part of the community at http://retradio.com!

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Wages Lag Home Prices; Affordability Suffers; Inventory Stifling Home Sales; Where Are The Refis?!

The lack of housing affordability is rising among the 414 U.S. counties tracked by ATTOM Data Solutions. ATTOM, the new parent company of RealtyTrac, said on Thursday that 24 percent of those counties were less affordable than their historic averages in the third quarter of 2016, up from 22 percent in the second quarter and 19 percent a year earlier. It was the highest share for this metric since the third quarter of 2009 when 47 percent of markets had fallen below their historic affordability averages. ATTOM reports that 101 of the 414 counties had an affordability index below 100 in the third quarter of 2016, meaning that buying a median-priced home in that county was less affordable than the historic average for that county going back to the first quarter of 2005. ATTOM's affordability index

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http://www.mortgagenewsdaily.com/reports/newsletter/2016/9/29/2419

Downtown intersection transforming into residential hub

A Bloomington developer is proposing to build a small apartment project at the southeast corner of Market and East streets, adding to the rapid pace of residential growth in the area.

from
http://www.ibj.com/blogs/3-property-lines/post/60578-downtown-intersection-transforming-into-residential-hub

Rates Break Winning Streak; Cash Sales Lowest Since 2007; Worry More About Repeat Buyers?

Mortgage Rates finally took a break from their recent winning streak today. While there are a few lenders whose rates are just a hair lower than yesterday's, most are slightly higher. Moreover, bond market weakness in the afternoon prompted several other lenders to issue mid-day reprices to even higher rates. Of course, all of the aforementioned movement is exceptionally small in the bigger picture, but it does fit the bill of being the first push back against 6 solid days of improvement. That's the sort of thing that could be taken as a sign to lock if you've been waiting for an opportunity. On an outright basis, rates remain close to all-time lows with the average lender quoting 3.375% on top tier, conventional 30yr fixed scenarios. There are still a few lenders at 3.5% but they're a small

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http://www.mortgagenewsdaily.com/reports/newsletter/2016/9/28/2417

Protected: Vanity Wars: Who Wore It Best?

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Rates Near 2-Month Lows; Trended Credit in New DU; Price Gains Unsustainable -Case-Shiller

Mortgage Rates maintained their recent winning streak today, falling for the 5th straight day. The average lender is now offering the best rates in nearly 2 months. You'd have to go back early August or late July (depending on the lender) to see a better combination of rate and upfront cost. This brings up a caveat that has been important in the past few months. The outright range of rate movement has been exceptionally small! We talk about "rates" moving every day, but that's just convenient shorthand for "the combination of NOTE RATE and UPFRONT LENDER COSTS." Those upfront costs are sometimes referred to as "points," but that isn't a universal definition. Regardless of the label, this refers to whatever costs the lender is charging (or paying) at closing. These usually include things like

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http://www.mortgagenewsdaily.com/reports/newsletter/2016/9/27/2415