Mortgage credit availability became tighter in August, according to data from the Mortgage Bankers Association (MBA). The trade organization’s Mortgage Credit Availability Index (MCAI) dropped by 1% to a reading of 107.3 last month; the index was benchmarked to 100 in...
D.R. Horton’s latest results highlight a challenge facing homebuilders heading into 2027: delivering more homes while protecting profits as buyers struggle with affordability. The company closed 23,983 homes in its fiscal third quarter ended June 30, up 4% from a year...
The 30-year fixed-rate mortgage averaged 6.71% as of Sept. 3, up from last week when it averaged 6.66% and its highest level in over a year. According to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC), the 30-year fixed-rate mortgage...
Apartment rents remained mostly flat during August, with the national average dipping by a scant -0.03% to $1,751 from July’s upwardly revised level of $1,752. According to data from Apartments.com, an online marketplace of CoStar Group Inc. (NASDAQ: CSGP), this...
Mortgage application activity edged up for the week ending Aug. 28, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased by a mild 0.8% on a seasonally adjusted...
Pending Home Sales Slide to Nearly Three-Year Low as Buyers Pull Back
