Mortgage rates were at their recent peak in October. But despite elevated rates, new home buyers were active, pushing sales of newly built single-family homes higher than the month before. In fact, according to recently released numbers from the U.S. Census Bureau and the Department of Housing and Urban Development, new home sales rose 7.5 …
According to the Mortgage Bankers Association’s Weekly Applications Survey, average mortgage rates fell again last week. Rates for 30-year fixed-rate loans with both conforming and jumbo balances, loans backed by the Federal Housing Administration, and 15-year fixed-rate loans all declined. It was the second straight week mortgage rates fell. They are now down 50 basis …
It’s nice to have a grocery store in the area. After all, you’re going to need groceries. So having a store nearby that you can quickly run to when you run out of something is a coveted convenience. But it may be more than just convenient, according to a new analysis from ATTOM Data Solutions. …
At the height of last year’s housing market, a good home listed for sale on a Wednesday would often be sold by the end of the weekend. Hopeful home buyers had to act fast if they hoped to get a winning offer on a listing that garnered a lot of interest. These days, though, the …
It’s no secret that the housing market has been more challenging this year. Higher mortgage rates, combined with still-high home prices, low inventory, and an uncertain economy, have had an effect on affordability conditions. It may have you wondering whether or not it’s a good time to buy. After all, how many homes out there …
The standards lenders use to determine whether or not a borrower is approved for a mortgage aren’t fixed. Depending on market conditions, getting a mortgage may be easier at one point and more difficult at the next. Because of this, the Mortgage Bankers Association keeps a monthly measure of mortgage credit availability. The index was …
The number of available homes for sale is up 42 percent from where it was last year at this time, according to new numbers from the National Association of Realtors’ consumer website. The analysis – which looked at the housing market through the week ending November 5 – found active inventory up for the fourth …
The thought of moving to a far-off destination can be tempting. But while the fantasy of moving somewhere new is exciting, the reality is most of us prefer to stay closer to home. There are many reasons for this, some of which are obvious like family, friends, and work. Having connections to a place – …
According to the Mortgage Bankers Association’s Weekly Applications Survey, demand for loans to buy homes increased last week for the first time in more than a month. The improvement was slight and, when combined with a 4 percent drop in refinance activity, meant the MBA’s Market Composite Index – which measures overall mortgage demand – …
