New home sales, which surged in May, rose 4 points in July and is at its best level since January.
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Despite mortgage rates that rose just slightly, mortgage applications for home purchases jumped 4% following a run of soft showings.
Through two full tournaments of the Quicken Loans Hole-In-One Sweepstakes, three PGA TOUR professionals have recorded an ace, meaning three lucky winners will receive a year’s worth of mortgage payments.
Pending Home Sales jumped a very strong 6.1%. All regions showed solid gains in this area, but were led by the Northeast, which has proven to be the strongest region for existing home sales.
The S&P 500 and the Dow Jones Industrial Average both closed at record highs Friday. Read on to find out more.
Demand for both purchase and refinancing applications increased significantly last week. Purchase applications rose 9.0%, while refinance applications jumped 11.0%.
Initial claims edged up 8,000 to 312,000. Despite the increase, the trend still points to improvement with the four-week average down 2,250.
According to the Primary Mortgage Market Survey released by Freddie Mac, average fixed-rate mortgage rates fell for the fifth consecutive week and hit new 2014 lows.
History was made last year at the Chevrolet Indy Dual in Detroit Presented by Quicken Loans. What does the 2014 installment have in store?