Mortgage applications inched up during the week ending Aug. 23, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 0.5% on a seasonally adjusted basis from one...
A total of 85.7% homeowners with mortgages, roughly six out of every seven households, have an interest rate below 6%, according to a data report from Redfin (NASDAQ:RDFN). This is down from 90.6% at the start of last year and from the record high of 92.8% in...
The S&P CoreLogic Case-Shiller Indices reached a new all-time high, albeit with a decelerating trend, during June’s housing market. The S&P CoreLogic Case-Shiller US National Home Price NSA Index, covering all nine census divisions, reported a 5.4% annual gain...
Sales of new single-family houses in July were at a seasonally adjusted annual rate of 739,000, according to estimates released by the U.S. Census Bureau and the Department of Housing and Urban Development. This marked a 10.6% spike from the revised June rate of...
The median monthly mortgage payment was $2,587 during the four weeks ending Aug. 18, according to new data from Redfin (NASDAQ: RDFN). This marked the lowest level since February and a 0.1% dip from one year ago – as well as the first time in four years that monthly...
Fannie Mae Updates Desktop Underwriter to Flag Loan Issues Earlier
