30-Second Update: Pending Home Sales Rise/Mortgage Rates Hit 2 ½ Year Low
July 01, 2019
The Pending Home Sales Index, which is a forward-looking indicator based on home contract signings, increased 1.1% to 105.4 in May, up from April’s 104.3. Pending home sales in the […]
30-Second Update: Mortgage Applications Surge, Rates Near Lowest Level in Two Years!
June 17, 2019
According to the Mortgage Bankers Association’s seasonally-adjusted index, mortgage applications surged 26.8% in the week ending June 7th. In addition, overall mortgage volume was 41% higher than this time a […]
30-Second Update: Rates Are Low, Can They Go Lower?
June 03, 2019
Earlier this month, the Federal Open Market Committee announced that no foreseeable moves to interest rates were expected “for some time.” Markets have now reversed their position, however, and now […]
30-Second Update: Home Builder Confidence hits Seven Month High
May 20, 2019
The latest National Association of Home Builders Housing Market Index, which measures builder’s confidence in newly built, single-family homes, rose three points to 66 in May. This is the highest […]
30-second update: Federal Reserve Leaves Rates Unchanged
May 06, 2019
At the Federal Reserve’s most recent meeting on May 1st, the Fed voted unanimously to keep its benchmark interest rate in a range of 2.25% to 2.5%. The benchmark interest […]