Mortgage Applications Off to Strong Start in 2020
30 Second Market Update
February 03, 2020
According to the Mortgage Bankers Association’s (MBA) Weekly Index, mortgage applications increased 7.2% for the week ending January 24th, compared to the previous week. This continues the strong start for […]
Homebuyer Demand Hits Highest Level Since 2009!
30 Second Market Update
January 20, 2020
The mortgage industry is officially off to a record start in 2020. According the Mortgage Bankers Association’s seasonally-adjusted index, mortgage application volume surged 30.2% last week from the previous week. […]
Increased Loan Limits in Effect
30 Second Market Update
January 06, 2020
As of January 1, 2020, the new and increased loan limits for Fannie Mae, Freddie Mac, and FHA are now in place. Fannie Mae and Freddie Mac loan limits are […]
Fannie Mae Boosts 2020 Housing Forecast
30 Second Market Update
December 23, 2019
The research team at Fannie Mae have revised their 2020 housing forecasts to much higher levels. This past year, growth in single-family housing starts grew just over 1% annually. Now, […]
U.S. Unemployment Rate Hits 50-Year Low
30 Second Market Update
December 09, 2019
According to the recently released November Jobs Report, the unemployment rate ticked down to 3.5% from 3.6%, matching the lowest jobless rate in 50 years. In November, 266,000 new jobs […]
US Housing Starts Hit Twelve Year High
30 Second Market Update
November 25, 2019
US housing starts, which represent permits for future home construction, jumped 3.8% in October to 1.314 million units, representing a twelve-year high. Single family homes jumped 2% to a rate […]
Sales of New Homes Expected to Reach 13 Year High in 2020
30 Second Market Update
November 18, 2019
According to the National Association of Realtors (NAR), new home sales are expected to rise 11% to 750,000 in 2020. This would be the highest reading since 2007. In addition, […]
