The Mortgage Bankers Association reported this morning that applications for new mortgage loans rose less than 1% week over week. Mortgage loan rates dropped a little and remain right around July lows.
U.S. house prices rose slightly month over month in May, according to the Federal Housing Finance Agency. House prices rose more between May 2016 and May 2017.
US housing starts rose more than 8% on a seasonally adjusted basis in June compared with May totals. Single-family starts rose more than 6% month over month.
Mortgage loan rates were mostly unchanged last week, remaining at around 4.125% for a 30-year fixed-rate conventional loan. Applications for new loans were up, with refinancing applications up more than 2.5 percentage points.
The National Association of Home Builders reported a month-over-month decline of 2 point in its housing market index. The outlook for homebuilders remains positive, but rising materials costs are dampening their spirits a little.
Buying a home is usually at least a little stressful, but you can reduce the anxiety by making sure you don't make a mistake that you could easily have avoided. Here are some tips…
Interest rates remain relatively low for homebuyers in need of a mortgage. Still, many local housing markets have experienced at least some buyer exhaustion and some trends feel like they have been peaking for…
Mortgage rates rose to a two-month high last week, according to the Mortgage Bankers Association. New applications also rose and refinancing applications fell slightly.