ThinkstockThe U.S. Census Bureau Tuesday morning released data on new single-family home sales for May. Sales rose 18.6% month-over-month, to a seasonally adjusted annual rate of 504,000, from a downwardly revised April sales figure…
ThinkstockThe S&P/Case-Shiller home price index for April rose 1.1% for the 20-city and 1% on the 10-city composite indexes. The 20-city composite rose 10.8% year-over-year, well below the consensus estimate for a gain of…
ThinkstockThe National Association of Realtors (NAR) reports that the seasonally adjusted annual rate of existing home sales in May rose 4.9% to 4.89 million from an upwardly revised total of 4.66 million in April.…
Mortgage loan rates rose across the board again last week, contributing to the downturn in mortgage applications. Borrowers remain sensitive are to even small changes in mortgage interest rates.
ThinkstockThe U.S. Census Bureau and the Department of Housing and Urban Development reported Wednesday morning that new housing starts in May slipped to a seasonally adjusted annual rate of 1.00 million, a decrease of…
ThinkstockThe National Association of Home Builders (NAHB)/Wells Fargo housing market index for June rose four points to 49 from a reading of 45 in May. The reading was higher than a consensus forecast of…
ThinkstockThe Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting an increase of 10.3% in the group’s seasonally adjusted composite index, following a drop of 3.1% for the previous…
ThinkstockForeclosure filings in the United States dropped 5% in May, compared with April, and 26% compared with May 2013, according to data released Tuesday by RealtyTrac. Florida, Maryland and Nevada continued in May to…
Both 30-year fixed-rate mortgages (FRMs) and 15-year FRMs got more expensive over the past week, with 30-year FRMs rising two basis points to return to the 4.14% level of two weeks ago, and 15-year…
thinkstockThe European Central Bank announced a negative interest rate policy on Thursday. It may not have been enough for the stimulus-addiction crowd, but this is truly an experiment. If the banks actually have to…
ThinkstockOf more than 49.3 million mortgaged properties in the United States at the end of the first quarter of 2014, there are 6.3 million where the mortgage amount is greater than the value of…
ThinkstockThe Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning. It noted a decrease of 3.1% in the group’s seasonally adjusted composite index, following a drop of 1.2% for the…
ThinkstockNearly 20% of Americans believe that the worst part of the housing crisis that began seven years ago is still to come. Fully 70% continue to believe that the U.S. is still in the…
ThinkstockHome prices in the United States rose for the 26th consecutive month in April. Compared with April of 2013, home prices rose 10.5%, including the sales of distressed properties. Also, April home prices rose…
ThinkstockFreddie Mac this morning released its weekly update on national mortgage rates, showing continued modest declines in interest rates, nearly across the board. Both 30-year fixed-rate mortgages, or FRMs, and 15-year FRMs got cheaper…