Archives: June 2014

Market Update: Another Dip in the MBA Weekly Mortgage Applications Survey

Quicken Loans vice president Bill Banfield gives his comments on the dip in mortgage applications

Market update: May’s Case-Shiller report rises 0.19%

The Case-Shiller House Price Index for May reported that home prices rose 0.19% month-over-month (SA) and 10.8% year-over-year. Quicken Loans Vice President Bill Banfield offers the following comments on the report. “Slow and steady is the reoccurring theme for these past few months of home price data. While the year-over-year [...]

Market update: existing home sales grow 4.9% in May

Sales of existing homes grew 4.9% in May to a seasonally adjusted annual rate of 4.89 million, rising for the second month in a row. Quicken Loans Vice President Bill Banfield offers the following comments on the report. “The increase in home resales is welcome news to all watching the [...]

Detroit-based Quicken Loans Brings Home #1 Spot on Computerworld’s ‘100 Best Places to Work in IT’ List for 2nd Consecutive Year

For the second consecutive year, the nation’s best place to work in technology is not in Silicon Valley, New York or Austin, but in the growing tech hub of Detroit.

Market update: housing starts fall 6.5% in May

May’s housing starts fell 6.5% in May to a seasonally adjusted annual pace of 1 million units. Quicken Loans Vice President Bill Banfield offers the following comments on the report. “Despite the monthly drop in housing starts, the trend has been upward and remains at a pace exceeding 1 million.  [...]

Market update: mortgage applications rise 10.3% in MBA’s latest survey

U.S. mortgage applications jumped 10.3% overall last week, with purchase applications rising 9.3%. Quicken Loans Vice President Bill Banfield offers the following comments on the report. “The jump in applications shows folks are taking notice of rates near six-month lows. The spike in purchase applications is especially good to see, [...]