Zeus Fun Factoids
(well, as much fun as mortgage facts can be).
In December 2011, the average monthly payment on a 30 year mortgage in Houston, Texas for principal and interest was $1,046 which is down 9% year over year.
Government purchase applications increased 7% sequentially while conventional purchase applications increased 9%. Said another way, Houston FHA and VA mortgage applications rose 7% while traditional Fannie Mae applications rose 9%.
This weeks average monthly payment in Houston of a 30 year fixed rate mortgage was $1,046 which is inline with payments seen in mid-2003.
www.zeusmortgageblog.com
Mortgage application trends and analysis. 01-13-12
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