Mortgage Loan Rates Moving Higher Again
Adjusted to account for the Labor Day holiday, mortgage applications increased by 2% last week. Loan rates were flat for the week, but have taken a turn higher so far this week.
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US Mortgage Interest Tax Deductions Plummeted in 2018
The 2017 tax reform bill dramatically increased the number of Americans who claim the deduction for mortgage interest.
Mortgage Loan Rate Moves Mixed, Applications Hit the Pause Button
Applications for new mortgage loans dipped last week even though mortgage loan rates remained at 21-month lows.
July Home Prices Push Higher on Low Interest Rates and Inventory
U.S. home price rose by more than 3% in July compared to prices in July of last year. CoreLogic is forecasting even higher price hikes by July of next year.
New Home Sales Tumble in July
New home sales fell sharply in July, largely as a result of a substantial revision to the June sales total.
July Sales of Existing Homes Beat Estimates Even as Prices Rise
Sales of existing homes in July rose by 2.5% compared to June sales. Overall sales, though, were up less than 1% compared to July of 2018.
Mortgage Loan Rates Mixed, New Borrower Applications Flat
Mortgage loan rate changes were mixed last week and applications for new mortgages remained flat. Refinancings have reached their highest level in nearly three years.
Phoenix to Hit 113 Today, That’s 57 Days Over 100
High temperatures in Phoenix have risen above 100 every day for nearly two months. This is both costly for residents and a harbinger of rising temperatures in the future.
Mortgage Loan Rates Dive, Refinancings Soar
Mortgage loan rates reached new three-year lows last week as demand for U.S. Treasuries drove down yields and lowering mortgage lending rates.
SunTrust Very Positive on 3 Homebuilders as Interest Rates Plunge
SunTrust rates three top homebuilders at Buy, and all make sense for investors looking for companies that can benefit from the sharp drop in interest rates.
Home Foreclosures Remain at Lowest Level in More Than 20 Years
Foreclosure rates remained at multi-decade lows in May according to the latest report from housing industry researchers at CoreLogic.
This Mansion In Detroit Cost 85 Times What An Average Home Does
A home built by the man who founded the retailer which would become known as KMart built a 20,000 square foot house in Detroit in 1914. It is currently for sale for $3.25 million,…
Mortgage Loan Rates Tumble to 3-Year Low on China Devaluation
Mortgage loan rates have plummeted following China's surprise currency devaluation. Refinance applications have jumped.
June Home Prices Rose More Than 3%
CoreLogic on Tuesday reported that U.S. home prices rose by 3.4% year over year in June.
Wide Home Ownership Disparities Along Racial Divide
Since the U.S. economic recovery began in 2010, homeownership among black Americans has fallen by more than three times the decline in white homeownership.