The Mortgage Blog of Brendan Fontaine

About: I am a Maine mortgage banker hoping to educate and entertain the Maine Real Estate and Lending Community, as well as the home buyers and home refinance clients I serve daily.

Tags: mortgage in maine, mortgage maine, maine mortgage rates, mortgage rates maine, mortgage rates in maine

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Owner: brendanfontaine

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Latest Blog Posts - The Mortgage Blog of Brendan Fontaine

New Home Sales Slip, Prices Hit Eight Month High
on Mar 23, 2012 in Mortgage Rates Auburn Brendan Fontaine current sales department of commerce department of housing department of housing and urban development Home Housing housing and urban development Housing Market June Lewiston Maine maine mortgage median price Mortgage New new houses number pace percent Real Estate Reliant Mortgage Company Report Residential residential sales Sales sales slip u s department
The U.S. Department of Housing and Urban Development and U.S. Department of Commerce’s New Residential Sales Report for February shows sales of new homes fell 1.6 percent from January to a seasonally adjusted annual rate of 313,000. But though...
Existing Home Sales Up 8.8 Percent From Last Year
on Mar 22, 2012 in Mortgage Rates Association association of realtors Auburn Brendan Fontaine chief economist co ops confidence consumer current sales existing home sales Home Housing Housing Market job Lewiston Maine maine mortgage Mortgage nar National national association of realtors number pace Real Estate Reliant Mortgage Company sales pace single family Year
Sales of previously owned homes fell 0.9 percent in February but remain 8.8 percent above a year ago. According to data from the National Association of Realtors, existing-home sales, which include single-family homes, townhomes, condominiums, and co...
Survey Says Purchase Index Up 3.25 Percent
on Mar 21, 2012 in Mortgage Rates 30 year fixed rate mortgages application volume Association Auburn Brendan Fontaine composite index drop February fixed rate mortgages Home Housing Market interest jumbo loan Lewiston Maine maine mortgage Mortgage mortgage application mortgage bankers association mortgage rates percent purchase index rate Real Estate Refinance Reliant Mortgage Company Year year fixed rate mortgages
Mortgage rates increased last week but remain historically low, according to the Mortgage Bankers Association’s Weekly Applications Survey. The average contract interest rate for 30-year fixed-rate mortgages rose to 4.19 percent last week from...
Housing Starts Dip, Building Permits Surge In February
on Mar 20, 2012 in Mortgage Rates Auburn authorizations Brendan Fontaine Building census bureau construction statistics department of housing and urban development Development estimate february show future construction Housing housing and urban development Housing Market Lewiston Maine maine mortgage Mortgage new residential construction October percent Real Estate Reliant Mortgage Company Show single family Starts surge u s census u s census bureau
The U.S. Census Bureau and the Department of Housing and Urban Development’s new residential construction statistics for February show housing starts down 1.1 percent from January but still nearly 35 percent above the year before. Despite the s...
Builder Confidence At Highest Level Since 2007
on Mar 19, 2012 in Mortgage Rates Auburn Brendan Fontaine future sales Housing Market Lewiston Maine maine mortgage Mortgage nahb national association of home builders national association of home builders housing market index new single family perceptions Real Estate Reliant Mortgage Company right direction rutenberg six months
Builder confidence in the market for new single-family homes is twice as strong as it was six months ago and at its highest level since 2007. The latest National Association of Home Builders Housing Market Index, which measures builders’ expect...
Improving Markets Index Reaches 99 In March
on Mar 16, 2012 in Mortgage Rates Auburn Brendan Fontaine chief economist david crowe Housing Market Lewiston Maine maine mortgage markets index metropolitan areas metropolitan markets Mortgage nahb national association of home builders new additions orlando fla Real Estate Reliant Mortgage Company
The National Association of Home Builders Improving Markets Index climbed to 99 in March, up from 98 in February. The index, which measures improvement in housing permits, employment, and prices, now includes 33 states with at least one housing marke...
Foreclosures Fall Two Percent In February
on Mar 15, 2012 in Mortgage Rates Auburn auctions bank repossessions brandon moore Brendan Fontaine CEO default default notices fact Fall February Foreclosure foreclosure market foreclosures Housing Market judicial foreclosure Lewiston Maine maine mortgage Mortgage previous year process Real Estate RealtyTrac Reliant Mortgage Company Report way
RealtyTrac’s U.S. Foreclosure Market Report for February 2012 shows foreclosure filings, including scheduled auctions, default notices, and bank repossessions, fell 2.0 percent in February and were down 8.0 percent from the previous year. Despi...
Purchase Demand Reaches Highest Level In Two Months
on Mar 14, 2012 in Mortgage Rates 30 year fixed rate mortgages application volume Association Auburn Brendan Fontaine composite index conforming loan Demand dip fixed rate mortgages Housing Market January Lewiston loan balances Maine maine mortgage Mortgage mortgage bankers association mortgage loan application percent president purchase applications Real Estate Refinance Reliant Mortgage Company Report vice year fixed rate mortgages
According to The Mortgage Bankers Association’s Weekly Applications Survey, demand for loans to purchase homes reached its highest level since January 13 after rising 4.4 percent last week. It is the third consecutive week of improvements and p...
Homebuilders See Signs Of A Strong Spring Selling Season
on Mar 13, 2012 in Mortgage Rates Analyst Auburn barclays barclays capital Brendan Fontaine builder Capital confidence consumer confidence homebuilder homebuilder stocks Homebuilders Housing Housing Market inventory levels Lewiston Maine maine mortgage market improvements Mortgage outlook positive feedback loop price increases Real Estate Reliant Mortgage Company Season spring strong spring
Barclays Capital recently upgraded their outlook on homebuilder stocks based on increased optimism in the housing market. Improvements in builder and consumer confidence, combined with economic growth and more favorable inventory levels, have homebui...
Continued Jobs Gains Offer More Hope For Housing
on Mar 12, 2012 in Mortgage Rates 100 000 jobs Affordability assistance Auburn Brendan Fontaine bureau of labor bureau of labor statistics consumer confidence economists employment hospitality Housing Housing Market Jobs Lewiston Maine maine mortgage manufacturing mining Mortgage percent Real Estate Reliant Mortgage Company services health social assistance unemployment unemployment rate
The economy added 227,000 jobs in February and surpassed economists’ expectations, according to the U.S. Bureau of Labor Statistics. Employment improved in professional and business services, health care and social assistance, leisure and hospi...

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