Mid America Mortgage Blog

Number of Homes for Sale Increased in October

For the first time in four years, the number of U.S. homes for sale has increased. The inventory of homes for sale went up 2 percent in October, compared with the same month last year. Could this be a sign that the housing market is finally balancing out? A lack of available homes for sale has been an issue in the U.S. for quite some time, leading to price jumps and bidding wars while keeping a growing population of younger buyers out of the market. While this most recent change could signal a much-needed improvement, experts say it could take

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How Has The Housing Market Changed Since the Crash?

house on chart showing decrease in statistics

It has been 10 years since the housing market crash and financial downturn of 2008. A lot has changed since then, fortunately for the better. In today’s post we will explore the changes and help shed some light on a few misconceptions regarding the market’s current state.

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Job and wage growth, elections affecting rates

Labor Data, Elections Play Tug-of-War With Mortgage Rates Overview: Over the past week, stronger than expected labor market data was negative for mortgage rates, while the election results were positive. The net result was that mortgage rates ended the week slightly higher. Friday’s highly anticipated monthly Employment Report revealed another month of improvement in the labor market that was well above average. In October, the economy added 250,000 jobs, far exceeding the consensus forecast of 190,000. The job growth was spread across many sectors of the economy, including health care, construction, and manufacturing. The unemployment rate remained unchanged at 3.7%, which is the lowest level since

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Company Headquarters:
Mid America Mortgage, Inc.
15301 Spectrum Drive, Suite 405
Addison, TX 75001
Phone: 214-261-3300
Toll Free: 866-544-7013
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550 Warrenville Rd
Lisle, IL 60532
Phone: 630-796-6092
Toll Free: 855-528-4572

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