Category: Interest rates

A Move Away From Entry-Level Homes?

The Mortgage Banker’s Association or MBA recently released the results of a survey for the week ending on October 2, 2020. The volume of mortgage loan applications increased by 4.6%… Read more »

Homebuilder Confidence on the Rise

According to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI), builder confidence in the market for newly-built single-family homes rose an impressive seven points to 37…. Read more »

The Week Ahead: Will Housing Starts, Permits Rebound?

The U.S. Census Bureau will release its latest number surrounding housing starts, permits, and completions for April.  Numbers last month for March found housing data fell off the cliff.  Housing… Read more »

Mortgage rates return to 3-year low

The average U.S. fixed rate for a 30-year mortgage fell to 3.45% this week, matching the three-year low set three weeks ago. The rate declined as global money managers spooked… Read more »

Mortgage rates drop to three-month low

The average U.S. fixed rate for a 30-year mortgage fell to 3.6% this week, a three-month low. That’s 5 basis points below last week and 85 basis points below the 4.45%… Read more »