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In the News 
Home Sales at Second Highest Level Since 2008Low interest rates and lower unemployment pushed April sales of new homes to the second-highest level in nearly five years.Purchases rose 2.3 percent to an annualized rate of 454,000 homes, marking the second highest pace since July 2008, said the Commerce Department. In addition, the median selling price rose 14.9 percent from a year ago to $271,600.The rise in home prices is positive news for homeowners and the market overall, as the number of underwater borrowers declines. With higher prices, owners are more likely to sell their properties and buy new homes.
Mortgage Rates Rise for Third Week
Average rates of 30-year fixed mortgages rose for the third consecutive week last Thursday to 3.59 percent.
The average 15-year loan rose to 2.77 percent from 2.69 percent the week before. Despite the increase last week, interest rates remain at historic lows, prompting many Americans to refinance or purchase new homes.
Foreclosures Fall Nearly 25 Percent
The number of Americans in foreclosure on their homes dropped nearly 25 percent in the past year.
Foreclosure inventory fell to 3.17 percent in April, compared to 24.55 percent one year ago. In addition, the delinquency rate for loans 30 days or more past due hit below 6.5 percent for the first time in nearly five years.
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 © 2013 W.J. Bradley Mortgage Capital, LLC. 6465 Greenwood Plaza Blvd, Suite 500, Centennial, CO 80111 Phone #303-825-5670. NMLS ID 3233. Trade/service marks are the property of W.J. Bradley Mortgage Capital, LLC. This is not a commitment to lend. Restrictions apply. All rights reserved. Some products may not be available in all states. WJB is not acting on behalf of or at the direction of HUD/FHA or the federal government. All Borrowers and properties securing Mortgage Loans must be approved by WJB. Loan terms subject to change without notice.Alabama Consumer Credit License No. 21654; Arizona Mortgage Banker License No. BK-0903998; Arkansas Combination Mortgage Banker-Broker-Servicer License No. 104736; Licensed by the Department of Corporations under the California Residential Mortgage Lending Act RML No. 4131002; Colorado Mortgage Company Registration NMLS ID 3233 Regulated by the Division of Real Estate. To check the license status of your CO Mortgage Broker, visit www.dora.state.co.us/real-estate/index.htm; District of Columbia Dual Authority License No. MLB3233; Florida Mortgage Lender Servicer License No. MLD738; Idaho Mortgage Broker License No. MBL-7766; Iowa Mortgage Banker License No. MBK-2013-0016; Illinois Residential Mortgage Licensee – License No. MB.6760738, 6465 Greenwood Plaza Blvd., Suite 500, Centennial, CO 80111; Kentucky Mortgage Company License No. MC92397; Maine Supervised Lender License No. 3233; Michigan 1st Mortgage Broker/Lender/Servicer Registrant No. FR0018674; Michigan 2nd Mortgage Broker/Lender/Servicer Registrant No. SR0018675; Minnesota Residential Mortgage Originator License No. MN-MO-3233; Nebraska Mortgage Banker License No. NE3233; Nevada Mortgage Banker License No. 2061; Nevada Mortgage Broker License No. 504; New Jersey Residential Mortgage Lender License No. 3233; New Mexico Mortgage Loan Company and Loan Broker Act Reg. No. 01856; North Dakota Money Broker License No. MB102448; Oklahoma Mortgage Broker – License No. MB001365; Oregon Mortgage Lender License No. ML-776; South Dakota Mortgage Lender License No. ML.04982; Texas Registered Mortgage Banker – NMLS 3233; Texas Mortgage Banker Disclosure: www.wjbradley.com/Texas-Mortgage-Banker-Disclosure.html; Utah Mortgage Lender Company License No. 5495659-NMLC; Utah Consumer Credit Notification and Utah Residential First Mortgage Notification regulated by the Utah Department of Financial Institutions; Vermont Lender License No. 6341; Washington Consumer Loan License No. CL-3233; Wisconsin Mortgage Banker License No. 699991. NMLS consumer access: www.nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/3233. |
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