Mortgage Interest on the Decline for Second Straight Month

first_img May 30, 2017 1,400 Views  Print This Post Servicers Navigate the Post-Pandemic World 2 days ago Related Articles The Federal Housing Finance Agency (FHFA) has conducted its monthly interest rate survey for 4,437 loans closed during the last five business days in April across 17 lenders, and has reported a decline by over 10 basis points across in all mortgage interest rates. Interest rates have been falling since February 2017.The largest drop in interest rates from March to April was to 30-year fixed rates for homes costing less than $424,100, which fell 20 basis points from 4.24 percent to 4.04 percent. Factoring in other types of mortgages other than a 30-year fixed, the average interest rate on all mortgages showed the smallest drop, down 14 basis to 3.98 percent from a previous 4.12 percent.The National Average Contract Mortgage Rate for Previously Occupied Homes Index, which calculates interest rates on homes with at least one previous owner, dropped to 3.97 percent from 4.12 percent (15 basis points), and is currently the lowest interest rate reported by the institutions surveyed. Similarly, the average effective interest rate on all loans also declined 15 basis points from 4.25 percent to 4.10 percent, which is good news for homeowners but less fortunate for lenders.In keeping with April’s trend, the average loan amount also fell slightly from $312,700 to $311,600, a nominal difference of $1,100 in comparison to March’s $11,100 mean increase.It’s worth noting that all reports, with the exception of the specified 30-year fixed, can include 15-year mortgages and adjustable-rate mortgages. The survey, however, does not include mortgages that were refinanced from another mortgage or balloon mortgages. Nor does it include mortgages that are insured or guaranteed by the Federal Housing Administration or the United States Department of Veteran Affairs, multi-family loans, or loans on mobile homes.While the FHFA does not name the 17 lenders surveyed for the report specifically, it does specify that they include an array of commercial banks, mortgage companies, savings associations, and mutual savings banks.May’s index values will be released on Thursday, June 29. You can find previous months’ index reports here. Sign up for DS News Daily Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: Appraisal Software Now a New Mobile Application Next: Carson: The Right Mindset Can Overcome Mortgage Interest on the Decline for Second Straight Month The Best Markets For Residential Property Investors 2 days ago Home / Daily Dose / Mortgage Interest on the Decline for Second Straight Month in Daily Dose, Featured, Government, News Subscribe Demand Propels Home Prices Upward 2 days ago Tagged with: FHFA Mortgage Interest Rates Share Save FHFA Mortgage Interest Rates 2017-05-30 Staff Writer About Author: Staff Writerlast_img read more

Berghuis inspired by Van Persie

first_img Press Association Watford forward Steven Berghuis has revealed that Robin van Persie inspired him to join the Barclays Premier League. Berghuis became one of many summer recruits to the club’s ever-growing multi-national squad when he arrived from AZ Alkmaar for £4.6million in July. Van Persie, the sole survivor of an influential generation of Dutch Premier League footballers that included Dennis Bergkamp, Ruud van Nistelrooy, Arjen Robben and Dirk Kuyt, left Manchester United for Fenerbahce only days earlier but his influence on the 23-year-old winger remains. center_img “Of course (I’d like to emulate them),” said Berghuis. “I followed Van Persie the most in my youth, Bergkamp a little bit and Van Nistelrooy. I think Van Persie is my favourite of the three. “He is left-footed, creative and always tries to show nice things, he’s nice to watch. “I like to play with my left (foot) from the right, and try to create chances. Always playing forward. “I like to play from the right. At AZ (Alkmaar) when I was playing good it was always from there.” Nathan Ake, who has joined Watford on loan from Chelsea, is another Dutchman in the Hornets’ squad. While at present there are concerns about the limited opportunities available to young Premier League footballers, Berghuis felt he had to seize the opportunity to move to England while the option remained because of a belief that Dutch football is in decline. “I spoke with (QPR’s) Leroy Fer (about the Premier League),” he said. “I spoke with (Middlesbrough’s) Dwight Tiendalli also. They all told me I have to (join the Premier League) because it is an amazing competition. And also with my age I think I had to do it. “In Holland the level is going down and the clubs in other countries don’t look a lot at Holland anymore because the level is going down, I think. “I had an injury last year where I broke my foot, you never know if that can happen again. So I had to take this chance and it is a beautiful club.” last_img read more

No. 15 Syracuse wastes scoring chances in 2-1 loss to Hofstra

first_imgSyracuse forward Chris Nanco fired a low shot from inside the box and put his hands to his head as Hofstra goalie Patric Pray easily scooped up the ball. A minute later, Orange midfielder Korab Syla blasted a shot from the same spot that curved to the right of the net. Syla jumped in the air and grabbed his head, too.SU trailed Hofstra by one with five minutes left and was watching each chance it had end unsuccessfully. Midfielder Juuso Pasanen got one more shot with less than a minute left, but it rattled the crossbar from 30 yards away.“We were a little bit unfortunate to come away with nothing,” Syracuse head coach Ian McIntyre said.The Orange led the Pride 19-9 in shots and 11-4 in shots on goal, but No. 15 Syracuse (0-1) fell to Hofstra (1-0), 2-1, at Hofstra Soccer Stadium in Hempstead, New York to open the season.Freshman Austin Aviza started in net for the Orange and finished with two saves. Forward Oyvind Alseth netted SU’s only goal on a penalty shot 70:30 into the game and Nanco led the team with five shots.AdvertisementThis is placeholder text“I thought we did enough to take a couple things away from this game, but that’s our sport,” McIntyre said. “You can create opportunities … but these games are tightly contested. They can go either way.”SU controlled the ball for much of the first half, putting five shots on goal and leaving Hofstra with none. The Orange earned four corners and neither Aviza nor Syracuse’s back line were tested much.In the final minutes of the first half, a 45-yard cross by a Syracuse player hit off the top post. SU defender Miles Robinson headed the rebound to the right side of the net past the goalie, but Hofstra defender Nino Alfonso was there to head the shot away.Fifteen minutes into the second half, Syracuse midfielder Liam Callahan pulled down a Hofstra forward as a cross came into the box. Callahan went to the sideline with a red card and Pride midfielder Joseph Holland scored on the penalty kick.Aviza dove to his right, but Holland’s shot went to the opposite side of the net.Five minutes later, Hofstra took advantage of the extra man as an undefended Henry Crayton scored from 10 yards out on a play that “happened very quickly,” McIntyre said.“It was kind of a double whammy to concede a penalty and have a man sent off,” McIntyre said. “… We didn’t respond as well as we should have.”After Orange midfielder Julian Buescher was fouled in the box, Alseth brought SU back within one on the ensuing penalty kick. Syracuse sent additional men forward in the offensive zone near end of the game, but could never get the tying goal.Syracuse returns to action at Bucknell (1-0) on Sunday at 7 p.m. Comments Facebook Twitter Google+ Published on August 28, 2015 at 11:13 pm Contact Jon: [email protected] | @jmettuslast_img read more