Mortgage Rates Still Snacking on Thanksgiving Leftovers, Remain Flat This Week
Markets are usually quiet leading up to and immediately following Thanksgiving, and mortgage rates this year were no different.
Mortgage Rates Still Snacking on Thanksgiving Leftovers, Remain Flat This Week
Markets are usually quiet leading up to and immediately following Thanksgiving, and mortgage rates this year were no different.
October New Home Sales: The 2018 Slide Continues
October new home sales fell 8.9 percent from September and 12 percent form a year ago, to 544,000 sales (SAAR), according to the Census Bureau.
2019 Predictions: Worse Affordability, Commutes, Natural Disaster Losses
Mortgage affordability take a hit. Commutes lengthen. Natural disasters claim a record number of homes. And a bit of good news: Amazon HQ2 'losers' will get a boost.
The slower growth in home prices indicates a national housing market that's finally finding more balance between buyers and sellers after years of near-total seller control.
October Existing Home Sales: Welcome Good News
October existing home sales rose 1.4 percent from September and 5.1 percent from a year ago, breaking a stretch of six straight monthly declines, according to the National Association of Realtors.
Inventory Climbs Meaningfully for the First Time in Almost Four Years (October 2018 Market Report)
Prospective home buyers can give thanks this season for a rare increase in inventory: The number of homes for sale in October rose 3 percent, the first year-over-year gain of more than 1 percent since December 2014.
Squabbles and Gobbles: Trade Tensions and Falling Stocks Send Mortgage Rates Lower
A rapid sequence of risk events, including a sell-off in stocks and ongoing international trade tensions, caused mortgage rates to fall to their lowest levels in a month.
October Housing Starts: Builders Give Us a Clearer View
October housing starts rose 1.5 percent from September, but were down 2.9 percent from a year ago, according to the U.S. Census Bureau.
Forecast for Existing and New Home Sales (October 2018)
After an unexpectedly sharp drop in September, we expect existing home sales extended their six-month long decline, falling 0.5 percent in October to 5.13 million units at a seasonally adjusted annual rate.
Mortgage Rates Flat Amid Oil Price Declines
Mortgage rates remained flat this week, as a relatively light week of economic news and data releases, teamed with a collapse in oil prices and continued stock market volatility, resulted in modest rate movements.
