Permits for future construction of single-family housing gained 0.5% to a rate of 968,000 units, the highest level since April. They rose in the Northeast and South, but declined in the Midwest and West. Mortgage rates initially fell as the U.S. central bank started cutting interest ...
Housing prices in the US were surprisingly resilient last year in the face of a jump in mortgage rates. Now, with the prospect ofinterest rate cutson the horizon, home prices are expected to climb more than previously anticipated, according to Goldman Sachs Research. US home price...
Compare today’s 30-year mortgage rates, refinance mortgage rates, and current interest rates with Pennymac. Explore loan options and find the best rate for you.
“Despite the stronger economy, the housing market is experiencing a slowdown in purchase application activity due to modestly higher mortgage rates,” said Sam Khater, Freddie Mac’s chief economist. “However, it has yet to translate into a weaker home price trajectory because the sho...
Applications for home loans for purchases and refinancing jumped last week, the MBA said, citing lower borrowing costs and improved housing affordability as home prices rose more slowly. Applications to refinance existing home loans now account for more than half of all mortgage applications,...
Two weeks ago, the average rateslipped to its lowest level in two years— 6.08% — boosting home shoppers’ purchasing power as they navigate a housing market with prices near all-time highs. Mortgage rates are influenced by several factors, including how the bond market reacts to the...
Name Phone number Email Zip Code Submit Connect with us Start your applicationfor a mortgage product. Opens a new window in your browser. Find a Mortgage Banker Financial hardship assistance Disaster relief response
WASHINGTON (AP) — U.S. home construction rebounded in August at the fastest pace in seven months, a hopeful sign for a housing industry that has been struggling with rising lumber costs.
Housing affordability takes into account prices, household incomes and mortgage rates. Put together, it’s been a difficult time for prospective buyers, though the increase in prices has been a boon for homeowners since it means their wealth has grown. ...
We suggest a time﹙arying mean of the log price‐to‐rent ratio (PtR) to capture the persistent changes in housing prices. We show that the increasing latent trend in the PtR was significantly affected by the increased securitization of residential mortgage loans and decreasing interest rates, ...