Mortgage Applications Jump 33% Despite Rates Reaching Recent Highs
The latest data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey Mortgage shows applications increasing 33.3% from one ...
Tag: Housing Market
Big Job Gains in December; Unemployment Rate Unchanged
Total nonfarm payroll employment increased by 256,000 in December, and the unemployment rate changed little at 4.1%, the U.S. Bureau ...
Mortgage Rates Continue to Trend Up
As the new year gets underway, average 30-year mortgage rates continue to trend up, moving upwards from their average last ...
Mortgage Applications Decrease as Rates Hit Highest Level Since July
Following a steady climb earlier last month, applications for home purchases have seen the opposite these past weeks, including a ...
Mortgage Rates Reach Highest Point Since July
While mortgage rates moved higher over the last weeks of 2024 and home purchase applications have declined, housing activity through ...
Pending Home Sales Up 2.2% in November as Consumers Adjust Mortgage Rate Expectations
Pending home sales rose 2.2% in November, marking the fourth consecutive month of increases and the highest level since February ...
Key Inflation Rate Hits 2.4% in November, Near 2% Fed Target
Inflation rose slightly in November, according to a U.S. Bureau of Economic Analysis report released December 20, as a recent ...
Mortgage Rates Increase Ahead of the Holidays
Mortgage rates reversed course this week after several weeks of declines, but continue to make small moves around the mid- ...
With Rentals Rising, Has the American Dream Become the American Fantasy for Many?
It’s a troubling trend, at least for those working within the residential real estate realm. Homebuyer hopefuls priced out of ...
Fed Cuts Interest Rates by a Quarter-Point, Third Cut This Year
As widely expected, Federal Reserve (Fed) officials lowered interest rates again, marking the third cut this year—although markets wobbled based ...
6 Key Numbers Buyers Must Examine Before Committing
“The rate should never be treated as a yes-or-no answer,” says Nick Nastos, founder of Chicago’s Property Shop. “I would be more concerned about a buyer closing with no emergency fund than one accepting a slightly higher rate with a manageable payment and cash still in the... Read more.
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