Mid America Mortgage Blog

Existing Home Prices Continue to Drop

Young Woman Holding A Box Of Currency Over White Background

Hopeful home buyers who plan to make offers by the end of 2017 are in luck. According to recent data, home prices in the U.S. are falling, continuing a trend we’ve been seeing since July. So while it may not be the optimal time for homeowners to sell, it’s a great time for buyers (especially first time buyers) to step into the market and find their dream home. According to a recent article from realtor.com, the median price of an existing home (one that has been previously lived in) dropped .24% from September to $247,000 in October. Realtor.com gathered this

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Builder Confidence Reaches 8-Month High in November

home builders

Home builders are feeling a lot better about where the new housing market is headed, thanks to a consistent increase in demand and a continuing struggle with real estate inventory. According to the latest information from the National Association of Home Builders (NAHB), builder confidence in the market for newly-built, single-family homes rose 2 points to a level of 70 in November, marking the highest reported confidence level since March and the second highest on record since July 2005.

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Mid America Mortgage to Purchase Assets from Two Oklahoma Lenders

ADDISON, Texas, Nov. 13, 2017 (SEND2PRESS NEWSWIRE) — Mid America Mortgage, Inc. announced it has signed a letter of intent to purchase the assets of Oklahoma City-based American Southwest Mortgage Corp. and an affiliated firm, American Southwest Mortgage Funding Corp. As part of the agreement, Mid America will incorporate American Southwest’s operations into Mid America’s mortgage platform and secure an interest in their respective pipelines and select assets. Further, Mid America will also offer employment to loan production staff members from each organization. Pending a signed agreement, the transfer of operations and assets should be completed by December 1. Financial terms of

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