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2016 Marked Best Year for Sales in a Decade » Mortgage Masters Group

It turns out 2017 was a banner year for mortgages, just not all of them. A total of $1.148 trillion in home purchase mortgages were funded last year, the highest total since 2006, per new data from Inside Mortgage Finance.. I guess if we consider inflation, and the fact that it has been over a decade, the numbers aren’t as peachy as they look.

2015-10-29  · There were 326,000 homes for sale in August, a 1.2% decline from July and a 5.5-month supply at the current sales pace. Low mortgage rates are giving existing-home sales a modest boost. These sales rose 1.3%, to a seasonally adjusted annual rate of 5.49 million. Compared with a year earlier, sales are up 2.6%.

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2017-12-11  · Want to know how to flip a house for a huge profit? Join the crew! Research from Trulia shows that flipping houses has been on the rise across the nation. Just over 6% of all home sales were house flips in 2016. That’s the highest percentage in a decade! (1) All you have to do is watch an episode

This means that the factors to consider when deciding about a reverse mortgage in 2016 might be different from getting one last year. For example, many experts have made predictions about the housing market as a result of interest rates trending upward this year.

Real Estate Market Update: June 2016 Mortgage Masters Group Connie Hill Real Estate, Kent, washington. 4 likes.. Check out what may be coming to the Puget Sound housing market:. fixed-rate loan, which reached its lowest level since november 2016. mortgage buyer freddie Mac said Thursday the average rate on the benchmark 30-year mortgage fell to 3.73% from 3.84% last week.

Home Mortgage Industry trends.. pending home sales for July fell 2.5% and year-over-year contract signings fell 0.3%, Ellie Mae’s July Origination Insight Report found that the 30-year mortgage dropped for the seventh-consecutive month to 4.18%.

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2016-11-22  · ”I sort of hope,” he said at the time, that the real estate market crashes so he could buy more at lower prices. “If there’s a bubble burst, as they call it, you know you can make a lot of money.” A public hearing in Los Angeles last year, held as part of the Federal Reserve’s review of the OneWest sale to