Market Update: Housing Starts Fall 6.5% In May

Market update: housing starts fall 6.5% in May

  • June 17, 2014

May’s housing starts fell 6.5% in May to a seasonally adjusted annual pace of 1 million units. Quicken Loans Vice President Bill Banfield offers the following comments on the report. “Despite the monthly drop in housing starts, the trend has been upward and remains at a pace exceeding 1 million.  With the half percent drop in interest rates this year coupled with a modestly improving job environment, look for the coming months to show an improvement in the market numbers overall.” If you would like to talk to someone at Quicken Loans about today’s report or anything in the mortgage market, please contact us.

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Market Update: Mortgage Applications Rise 10.3% In MBA’s Latest Survey

Market update: mortgage applications rise 10.3% in MBA’s latest survey

  • June 11, 2014

U.S. mortgage applications jumped 10.3% overall last week, with purchase applications rising 9.3%. Quicken Loans Vice President Bill Banfield offers the following comments on the report. “The jump in applications shows folks are taking notice of rates near six-month lows. The spike in purchase applications is especially good to see, as homeowners may finally be getting comfortable putting their home on the market with the level of inventory they see around them.” If you would like to talk to someone at Quicken Loans about today’s report or anything in the mortgage market, please contact us.

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