Rebounding mortgage rates didn’t stop buyers from shopping for deals last week, with requests for purchase loans up 6 percent last week compared to the week before and 31 percent from a year ago, according to lender data tracked by the Mortgage Bankers… Continue reading
Mortgage rates hit a new 2025 low of 6.12 percent on Oct. 28, but have been on the rise after Fed Chair Jerome Powell said there’s no guarantee the Fed will cut rates for a third time in December. Continue reading
Investors seeking safety in bonds and mortgage-backed securities can bring rates down. Yields on 10-year Treasurys fell 4 basis points on first day of shutdown. Continue reading
Privately owned housing starts rose 11.2 percent but still fell behind February 2024 activity, according to data released Tuesday by the U.S. Census Bureau and the Department of Housing and Urban Development. Continue reading
Construction starts on new housing units dropped 5.5 percent to a seasonally adjusted annual rate of 1,277,000 — 19.3 percent lower than levels in May 2023, according to U.S. Census data released Thursday. Continue reading
Newly built homes available on the market rose to 480,000, representing a supply of 9.1 months at the current sales rate, up from an 8.5 month supply in March, according to U.S. Census Bureau data. Continue reading
Sales of newly built homes slipped a modest 0.3 percent between January and February to a seasonally adjusted annual rate of 662,000, according to data released Monday by the U.S. Census Bureau. Continue reading
New-home sales improved across the board in January, according to the U.S. Census Bureau and the Department of Housing and Urban Development on Monday. New-home sales, which include when a homebuyer makes a deposit or signs a sales agreement, increased… Continue reading
Sales of newly built single-family homes fell 12.2 percent between October and November to an annual rate of 590,000, but lower interest rates may bring relief. Continue reading
Housing starts jumped 14.8 percent between October and November to a seasonally adjusted annual rate of 1.56 million. That’s 9.3 percent higher than they were in December 2022. Continue reading