Mortgage Loan Rates Dipped, New Mortgage Loans on Track for Best Year Since 2007
Mortgage loan rates dipped slightly last week, sending applications for new loans higher.
Housing
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Home Prices Are Rising The Fastest In This City
New home sales recently reached a multimonth high. However. inventory is still tight, which tends to move prices higher. In September prices nationwide rose 3.2% compared with the same month last year. In one…
Mortgage Loan Rates Dipped Last Week, Refinancings Dropped
Mortgage loan rates declined last week, but demand for refinancings also declined. Purchase applications rose, another hopeful sign for the housing market.
October Housing Starts Maintain Solid Upward Trend
Housing starts rose both month over month and year over year in October, according to the latest data from the Census Bureau and the Department of Housing and Urban Development.
Want to Own Joe Pesci’s Old House? It’s For Sale
Joe Pesci apparently wants to move to California for good. That means his New Jersey mansion is on the block — for only $6.5 million. At least it is in a pretty good neighborhood.…
Mortgage Loan Rates Moved Higher Last Week, Refinancings Jumped
Applications for new mortgage loans rose nearly 10% last week on stronger demand for refinancing. Mortgage loan rates moved a bit higher as well.
Home Foreclosures Remain at 2-Decade Low
The national home foreclosure rate in August remained at a 20-year low as did the rate of mortgage loans that were 30 days or more past due.
Mortgage Loan Rates Slipped Last Week, Refinancings Increased
Mortgage loan rates dropped slightly last week and applications for new mortgages remained flat while refinancings rose.
September Home Prices Rise Most in DC, Denver
U.S. home prices rose 3.5% year over year in September and 0.3% month over month, according to CoreLogic's home price index. On a year-over-year basis, the index has increased every month since February 2012.
Higher Mortgage Loan Rates Continue to Reduce Demand for Refinancing
Applications for new mortgages declined slightly last week. Mortgage loan rates rose modestly as week over week as bond investors saw some hope for a trade agreement between China and the United States.
Home Prices Surge in Phoenix
Home prices rose 3.2% nationally in August, according to the latest S&P Global Corelogic Case-Shiller home price index, but they jumped more than 6% in Phoenix.
House Built on Plot Used by Serial Killer Hits Market for $459,000
It is not much of a house, measuring 2,500 square feet with three bedrooms and two baths. The listing makes the home seem inviting. The drawback is that one of America's best known serial…
New Home Sales Remain Near 12-Year High
New home sales have topped a seasonally adjusted annual rate of 700,000 for two months running, the first time that's happened in 12 years.
Higher Mortgage Loan Rates Last Week Quelled Refinancing
Mortgage loan rates rose last week, with conventional 30-year fixed mortgages topping 4%. Refinancings were down sharply.
One Amazing Trade Has Outperformed the S&P 500 in 9 of the Past 10 Years
Raymond James says that a seasonal trade in the U.S. homebuilding sector continues to be perhaps the most consistent and powerful cyclical trading phenomenon among any industry group in the market.