Mortgage Rates Flat, But There’s a Bumpy Road Ahead
Mortgage rates held mostly flat this week, but appear primed for more volatility in the coming days as markets digest news surrounding the presidential impeachment proceedings.
Market Trends
August New Home Sales: A Very Strong Showing
August new home sales rose 7.1% from July and 18 percent from August 2018, to 713,000 sales (SAAR), according to the U.S. Census Bureau.
August Existing Home Sales: Gaining Momentum
This is what low mortgage rates look like in action: Existing home sales rose in August to their highest level since March 2018.
The annual pace of U.S. home value growth continued to slow in August. But quarterly data indicates the market may have begun to turn over the summer.
Mortgage Rates Climb as Fed Declines to Signal Future Hikes
Mortgage rates rose again this week and appear primed for additional modest gains following the Federal Reserve’s policy statement on Wednesday.
August Housing Starts: Touchdown!
These new numbers demonstrate that builder confidence -- which recently reached an annual high -- is translating into action.
For Some, It Literally Pays to Shop Around for a Mortgage
Shopping for the best mortgage rate generally matters more for homebuyers with lower credit because there is more variation in the quotes they receive.
Mortgage Rates Pop on U.S.-China Trade Talks
Even in a busy week for economic data, it was once again trade discussions between the U.S. and China that dictated rates’ movements.
Experts: It May Take Years for Home Building to Get Back to Historic Levels
Today’s slow pace of single-family home building isn’t expected to get back to historic norms until 2022 or later, according to a Zillow survey of experts.
