Despite a 0.7% decline in pre-owned home sales in May, volume remained high, making it the second highest month on record. Find out why the housing market has continued to defy earlier predictions.
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Tag Archives: Mortgage Rates
Mortgage Applications Fall In Latest Survey
The MBAA reports that mortgage applications fell 11.3% nationwide last week. Despite the decline, volume remained well above normal. Find out how historically low mortgage rates are continuing to drive refinance opportunities.
Housing Starts Rise to Fastest Pace in Three Months
The Commerce Department announced that housing starts were up 0.2% in May, reaching a three month high. Find out how low fuel costs and historically low mortgage rates are keeping the housing sector strong.
Mortgage Applications Rise 6.5%
The Mortgage Bankers Association reports that refinance applications surged last week, rising to a 42.9% share of mortgage applications. Find out how the unanticipated drop in mortgage rates is fueling a new wave of refinancing.
Fed Raises Rates 25 Points
The Federal Reserve just announced that it was raising the Federal Funds rate by .25% as anticipated. Find out what this means for mortgage rates.
New Home Sales Post Highest Gain on Record
The Commerce Department announced that New Home Sales were up 12.2% in March, the highest gain on record. Find out what this means for the housing market.
Housing Starts Tumble 17.6% in March
Dropping to their lowest level since 1991, housing starts slowed to a 1.837 million annual rate. Read more about the report below.
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