WEEKLY NATIONAL MORTGAGE SURVEY
National Mortgage Rates - May 9, 2013
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
Search Like A Realtor® For Free! Click the link below and go directly to the Florida MLS.
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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
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HOUSING MARKET FACTS
House Logic Buying & Selling (link)
RESIDENTIAL VACANCIES AND HOMEOWNERSHIP IN THE FOURTH QUARTER 2012
National vacancy rates in the fourth quarter 2012 were 8.7 percent for rental housing and 1.9 percent for homeowner housing, the Department of Commerce’s Census Bureau announced today. The rental vacancy rate of 8.7 percent was 0.7 percentage points lower than the rate in the fourth quarter 2011 (+/-0.4 percentage points) and 0.1 percentage point higher than the rate last quarter (+/-0.4)*. The homeowner vacancy rate of 1.9 percent was 0.4 percentage points lower than the fourth quarter 2011 rate (+/-0.2) and approximately the same (+/-0.1)* as the rate last quarter.
The homeownership rate of 65.4 percent was 0.6 percentage points (+/-0.4) lower than the fourth quarter 2011 rate (66.0 percent) and 0.1 percentage point (+/-0.4)* lower than the rate last quarter (65.5 percent).
First Quarter 2013: Graph of Homeownership Rates
RATES VERSUS APPLICATIONS