The Mortgage Bankers Association (MBA) says it expects that new home sales declined in September relative to August based on a drop in mortgage applications to finance their purchase. MBA says its Builder Application Survey showed there were 8 pe...
The Mortgage Bankers Association (MBA) says it expects that new home sales declined in September relative to August based on a drop in mortgage applications to finance their purchase. MBA says its Builder Application Survey showed there were 8 pe...
After posting some of the best results in a year the previous month, all three construction indicators fell back in September. The U.S. Census Bureau and the Department of Housing and Urban Development said housing starts and completions of residential...
The 30-year note rate on closed mortgages fell to 3.93 percent in September, down from 4.07 percent in August, and along with the decline, the ninth in as many months, the share of refinances crept close to half of all the month's originations. Ellie M...
The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI), which has held in the mid-to-upper 60 range since May, finally got moving this month. The Index, a measure of home builder confidence in the market for newly const...
Mortgage application volume eked out a slight gain during the week ended October 11 as interest rates became mixed. Purchasing weakened while the volume increase was again driven by refinancing activity. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of mortgage loan application volume, rose 0.5 percent on a seasonally adjusted basis from one week earlier and was 1 percent higher before adjustment. The Refinance Index gained 4 percent and was 199 percent higher than the same week in 2018. The refinance share of mortgage activity increased to 62.2 percent of total applications from 60.4 percent the previous week
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The typical first-time homebuyer may not be who you think he or she is. A new report from Zillow says that rather than the young shopper eager to become a homeowner but worried about qualifying for a mortgage, nearly a third of today's buyers are over ...
While declining interest rates are generally viewed as good news for consumers, they aren't without their negatives. Realtor.com's September housing trend report released last week highlights one of them. Inventories of available homes, whi...
Fannie Mae's Home Purchase Sentiment Index (HPSI) has been relatively volatile in recent months, and September was no exception. The Index set back to back record highs in July and August, reaching 93.8 in the latter month which put it 5.8 points highe...
