Customers’ bullish attitudes on the long run route of mortgage charges drove the Fannie Mae Dwelling Buy Sentiment Index to its highest stage in virtually two years. The HPSI reached 70.7 final month, a rise of three.5 factors over December ...
Mortgage rates declined for the first time in eight weeks, even as the Federal Open Market Committee raised the possibility of a hike in its final meeting this year. In the short term, the FOMC decision this week to leave ...
Seventy percent of real estate sales people reported an uptick in homebuyers as a result of mortgage rates creeping downward in 2023, according to a recent survey from Assurance IQ, an insurance agency owned by Prudential.? For much of this ...
Higher mortgage rates in September led lenders to loosen credit conditions, although trends are still historically tight, the Mortgage Bankers Association reported. Its Mortgage Credit Availability Index rose by 0.6% in September to 97.2, from 96.6 in August and 102.5 ...
Dwelling costs within the U.S. rose for a ninth straight month, reaching a recent file as patrons battled for a stubbornly tight provide of listings. A nationwide gauge of costs rose 0.6% in October from September, in response to seasonally ...
Sales of previously owned homes unexpectedly rose in November, led by a pickup in the South and representing a respite in a two-year downturn caused by higher borrowing costs and a lack of inventory. Contract closings increased 0.8% from a ...
Even because the 10-year Treasury yield soared again over 4% prior to now seven days, charges on the 30-year mounted mortgage remained in the identical vary as prior to now a number of weeks, gaining a scant foundation level, in ...
The Federal Reserve held interest rates steady for a third meeting and gave its clearest signal yet that its aggressive hiking campaign is finished by forecasting a series of cuts next year. RELATED: Mortgage rates drop closer to 7% Officials ...
Mortgage applications from newly constructed home sales increased for the ninth consecutive month on a year-over-year basis, a sign that that inventory shortage is not abating, according to the Mortgage Bankers Association. Furthermore, use of Federal Housing Administration-insured financing hitting ...
Mortgage charges elevated 9 foundation factors this week, however have remained in the identical vary since mid-December, which portends properly for the spring dwelling promoting season, Freddie Mac reported. The federal government-sponsored enterprise’s Main Mortgage Market Survey discovered the typical ...