Mortgage applications for new home purchases during March were up by 26% from the prior month and up 11% year-over-year, according to data from the Mortgage Bankers Association’s (MBA) Builder Application Survey. “Applications for the purchase of newly built...
Existing home sales during March were down by 3.6% from February to a seasonally adjusted annual rate of 3.98 million, according to data from the National Association of Realtors (NAR). On a year-over-year measurement, sales were down by 1%. Month-over-month sales...
Mortgage credit availability increased in March, according to the Mortgage Credit Availability Index (MCAI) a report from the Mortgage Bankers Association (MBA). Last month, the MCAI inched up by 1.1% to 108.3; the index was benchmarked to 100 in March 2012. The...
Mortgage rates declined for the first time in six weeks, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.37% as of April 9, down from last week when it averaged 6.46%. A year ago at...
More than one-third (34.2%) of home sellers lowered their listing price during February, according to a new data report from Redfin. This marked the highest February share in records dating back to 2012. One year ago, 31.5% of sellers reduced their prices. Sellers who...
FBI Investigating Lurin Capital Amid Multifamily Collapse
