WEEKLY NATIONAL MORTGAGE SURVEY
National Mortgage Rates - August 2015
A loan originator or loan processor working for a mortgage lender or broker can typically pre-qualify you for a home loan within an hour. To get pre-qualified you will need to complete a mortgage application and allow the broker or lender to pull your credit. They will review the mortgage application and your credit and let your know if you are pre-qualified.
Only a mortgage underwriter can pre-approve you for a home loan, loan originators and processors can't. If an underwriter pre-approves your home loan application upfront, all you have to do is find the home you want, have it appraised, and then you should be able to close in just a few days. Some mortgage brokers and lenders will issue pre-approvals that have not been reviewed by an authorized underwriter, be sure to ask.RESIDENTIAL INFORMATION
Google Earth (link)
WHAT IS MLS?
MLS is a sharing of comprehensive home information among real estate professionals. Listings brokers enter the data about a home for sale and offer to share the commission with a broker who brings a buyer. It's an online software that contains all the specifics about a home, from the address, age, square footage, number of bedrooms, baths, upgrades and schools districts to types of financing the seller will consider, and more. There is generally at least one to a dozen photographs of the home, plus a link to a virtual tour, if one exists.
OTHER HIGH LIGHTED SEARCHES
Latest on Market (link)
Latest in State of FL (link)
HOUSING MARKET FACTS
House Logic Buying & Selling (link)
RESIDENTIAL VACANCIES AND HOMEOWNERSHIP IN THE SECOND QUARTER 2015
National vacancy rates in the second quarter 2015 were 6.8 percent for rental housing and 1.8 percent for homeowner housing, the
Department of Commerce’s Census Bureau announced today. The rental vacancy rate of 6.8 percent was 0.7 percentage points (+/-0.4)
lower than the rate in the second quarter 2014 and 0.3 percentage points (+/-0.3)* lower than the rate last quarter. The homeowner
vacancy rate of 1.8percent was 0.1percentage point lower than the rate in the second quarter 2014 (+/-0.1)* and the rate last quarter
The homeownership rate of 63.4 percent was 1.3percentage points (+/-0.4) lower than the second quarter 2014 rate (64.7 percent) and 0.4 percentage points(+/-0.4)* lowerthan the rate last quarter (63.7 percent).
Second Quarter 2015: Graph of Home Ownership Rates