Mortgage News Daily

Mortgage Rates Hold Steady

2020-05-27T14:56:00-06:00May 27th, 2020|

Mortgage rates managed to stay sideways today after beginning the week with a move higher yesterday.  This is a victory all things considered. Rates take guidance from multiple sources.  When it comes to mortgages, the prices of mor...

Home Purchase Apps Highest Since January

2020-05-27T06:50:27-06:00May 27th, 2020|

Purchase mortgage applications rose for the 6th straight week, driving the Mortgage Bankers Association's Market Composite Index back into positive territory. The Index, a measure of mortgage loan application volume, increased 2.7 percent on a seasonal...

April New Home Sales Crush Forecasts

2020-05-26T09:27:35-06:00May 26th, 2020|

New home sales, rather than dropping like a rock, rose 0.6 percent in April according to the U.S. Census Bureau and the Department of Housing and Urban Development. Part of the gain is due to a revision of the March sales numbers from an original estim...