Origination news
People's United Financial in Bridgeport, Conn., reported higher first-quarter profits as it increased lending for both commercial and residential real estate.
Rates for the 30-year fixed-rate mortgage rose slightly last week, as recent figures showing an active home-sales market suggest homebuyers are taking advantage of current conditions, according to Freddie Mac.
Sales of existing homes in Northwest Indiana in March rose nearly 4% over the same month last year, completing a first quarter of the year with an increase of almost 11%.
Home prices rose 0.4% in February from the prior month, according to the Federal Housing Finance Agency, as job growth fueled demand for a scant supply of listings.
Home sellers realized a 17% average gain in price in March, the highest average gain since December 2007, according to RealtyTrac.
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