Parliament Shrunkadelic: Mortgage Rates Skid on Rejected Brexit Deal
Brexit took center stage this week, and for a moment markets appeared hopeful that a compromise deal between Britain and the European Union could be met. However, Tuesday’s vote on a proposed agreement was rejected, and rates moved lower as a result.
Gov’t Should Work to Lessen Natural Disaster Losses Rather Than Insure Them, Experts Say
More than two-thirds of panelists (68 percent) said they agreed with the statement that “the government should not underwrite or subsidize property loss insurance – especially not in high-risk areas.” Separately, a large majority – 82 percent of those offering an opinion – said any IPO-related stimulus in the Bay Area will be modest and temporary and not enough to reverse the localized slowdown.
As Markets Cool, Buyers Gaining Power in Hot West Coast Metros
The cooling of the housing market that started last year, more of a normalizing than an actual correction, is actually the third time the market has slowed since it bottomed out in 2012. The latest dip is widespread, happening across 30 of the largest 35 metro areas -- led by San Jose, Calif.
Rates Ride Strong Data to Modest Gains Ahead of Jobs Report
Mortgage rates increased this week – for the first time in more than a month – rallying on strong economic data before stabilizing in recent days.
December New Home Sales: Better Days Ahead?
New home sales increased 3.7 percent in December from November, to 621,000 units (SAAR), according to the Census Bureau.
Mortgage Rates Unfazed by Blockbuster Headlines; Down Slightly This Week
Mortgage rates fell slightly this week, fluctuating over the past few days on an abundance of economic, monetary policy and geopolitical headlines.
December Case-Shiller Results and January Forecast: Slowing home price gains
As the start of the busy home shopping season looms, someone squinting at the market might be able to find signs of both normalcy and balance as the market continues to cool off after a years-long sizzle.
December Housing Starts: Clear Declines, But an Incomplete Picture
December housing starts fell 11.2 percent from November and 10.9 percent from a year ago, to just over 1 million units, according to the Census Bureau.
