The 30-year fixed-rate mortgage averaged 6.55% as of July 16, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). That marked an increase from last week when it averaged 6.49%. A year ago at this time, it averaged 6.75%. The 15-year...
Pending home sales in June were down by 5.4% from the prior month and down 0.3% from one year earlier, according to the National Association of Realtors (NAR). Month-over-month pending home sales declined in all four major regions while year-over-year pending home...
Builder confidence in the market for newly built single-family homes fell two points to 34 in July, down from an upwardly revised reading of 36 in June, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). Any HMI level...
Mortgage applications for new home purchases in June declined by 6% from May but increased 2.4% from one year before, according to data from the Mortgage Bankers Association (MBA). The trade group estimated new single-family home sales were running at a seasonally...
None of the nation’s 50 major metro areas are affordable for minimum wage earners seeking to rent a one-bedroom apartment. A new report by Best Interest Financial and Clever Real Estate measured affordability with the metric that a household should spend no more than...
UWM Says VantageScore 4.0 Improves Results for 1 in 4 Borrowers
