Our Blog

Blog

Equity National Title is a company that's dedicated not only to awesome experiences and community involvement, but to education as well. We maintain this blog so that we can be a valuable resource to homeowners, lenders and realtors. 

 

Mortgage rates a mixed bag, even as they stayed ...

By: Equity National   September 5, 2014   No Tags   Closing

Mortgage rates a mixed bag, even as they stayed ...

Over the last several months, mortgage originations have slowed down considerably, even as rates have largely hovered at extremely affordable levels. Once again this week, there was no appreciable change for all of the most popular home loan types, as they remained more or less near the lowest levels seen this year across the board. There was, for instance, no change in the average rates for 30-year fixed home loans in the seven-day ...

Mortgage applications increase driven by refinan...

By: Equity National   September 4, 2014   No Tags   Closing

Mortgage applications increase driven by refinan...

Over the past several months, there has been a significant slowdown in mortgage origination activity, largely due to the fact that consumers seem off-put by the slightly higher interest rates available today. However, most of that downturn has come in the form of consumers being less interested in buying homes, while refinances have recently started to pick up somewhat, and that trend certainly continued through the end of last week. The total...

Experts keep pushing for more mortgage availabil...

By: Equity National   September 4, 2014   No Tags   Closing

Experts keep pushing for more mortgage availabil...

One of the biggest problems often cited by housing experts when it comes to the lack of sales in the past several months is that in many cases would-be homeowners find it incredibly difficult to qualify for the necessary credit. This could be particularly problematic for the market as affordability continues to decline, too, because the relatively small number of currently eligible buyers might be turned off by the higher costs. Fortunately fo...

Expert warns of ‘mortgage crisis’ in coming ...

By: Equity National   September 3, 2014   No Tags   Closing

Expert warns of ‘mortgage crisis’ in coming ...

Those who keep a close eye on the mortgage industry have likely been more than a little bemused about the developments seen in the past several months, as originations have slowed to a trickle despite a relatively small increase in rates and prices. But now experts warn that both could continue to increase, potentially more significantly, before the end of 2014 and into 2015, and that could cause more appreciable problems. The famed banking an...

More single people trying to get into housing ma...

By: Equity National   September 2, 2014   No Tags   Closing

More single people trying to get into housing ma...

The last few years have seen significant improvement for the housing market overall, as the steps forward taken in the broader economy have fueled more interest among buyers who are now starting to get their feet back under them financially after potentially years of prior difficulty. However, it seems that many such would-be buyers might find themselves running into roadblocks, and one of the largest is their marital status. Many consumers kn...

Home sales slip up in July

By: Equity National   August 28, 2014   No Tags   Closing

Home sales slip up in July

The housing market made some gains in the past several months, but there still may be a notable amount of work ahead to reach recovery. Total new single-family home sales were at 412,000 units during July, 2.4 percent lower than June's figure of 422,000 units, a report from the Department of Commerce explained. "We are somewhat surprised by this dip, considering builder confidence and new-home starts are on the rise," said Kevin K...

Construction stalls for residential market in Ju...

By: Equity National   August 27, 2014   No Tags   Closing

Construction stalls for residential market in Ju...

Some title industry members may notice more people going to take advantage of existing property title searches in the coming months, as the level of residential construction is not moving forward quickly enough. The total rate of residential building construction spending posted a figure of $223.4 billion in July, nearly unchanged from June's level, a report from McGraw Hill Construction explained. Further issues occurred for th...

Existing-home sales see boost in July

By: Equity National   August 25, 2014   No Tags   Closing

Existing-home sales see boost in July

With more individuals looking to get properties, the title insurance market could see a boost in activity in the next few weeks. Overall existing-home sales reached a high point for 2014 in July, as the rate jumped to 5.15 million units, 2.4 percent improved from June, when it was 5.03 million units, a report from the National Association of Realtors explained. The level was still more than 4 percent lower than a year ago, when the rate w...

Mortgage applications gain steam in August

By: Equity National   August 20, 2014   No Tags   Closing

Mortgage applications gain steam in August

The title insurance industry may be quite happy with the progress in the mortgage and housing markets, as a more significant level of consumers are showing interest in purchasing properties. Overall mortgage application volume rose 1.4 percent for the week ending Aug. 15, 2014 compared to the previous week, the Weekly Mortgage Applications Survey from the Mortgage Bankers Association showed. This still rose 1 percent when not seasona...

Housing starts spike in July

By: Equity National   August 19, 2014   No Tags   Closing

Housing starts spike in July

The housing market made significant strides in some categories in the past couple of months, which may be significant news for those in the title insurance industry. Further interest in the market could help improve the bottom lines of many industry members. Total housing starts reached a rate of 1.09 million in July, 15.7 percent higher than June's level of 945,000 units, according to a report from the Department of Commerce. When c...

Pages