Mortgage Apps See Slight Rise, Interest Rates Move Little
Mortgage application volume seems to have peaked, despite the record low interest rates currently on offer, which also appear to have bottomed.
Home loan apps increased just three percent on a seasonally adjusted basis for the week ending March 27 after surging a week earlier, the MBA reported today.
On an unadjusted basis, the index was up 2.9 percent compared to one week earlier and 68.8 percent compared Read more
New Home Sales Post Slight Gain in September
The U.S. Census Bureau and the Department of Housing and Urban Development announced today that sales of new, single-family homes in September rose 2.7 percent compared to August’s numbers.
Bob Walters, chief economist of the nation’s largest online lender, Quicken Loans, says that home prices appear to have fallen to a point where consumers are beginning to reenter the market.
“Consumers are beginning Read more