With the 30-year fixed mortgage rate sitting smack on 3 percent, mortgage seekers got the message, sparking an increase in mortgage applications last week, the Mortgage Bankers Association reported this morning.
S&P Dow Jones Indices, New York said its S&P CoreLogic Case-Shiller Indices showed home prices continue to increase at a modest rate across the U.S., rising by 5.7 percent annually in August.
In this edition of the MBA NewsLink Housing Market Roundup, we look at the latest FHFA Strategic Plan; how consumers are altering their home buying and home selling plans during the coronavirus pandemic; why housing affordability might be at a “tipping point;” how the coronavirus is driving down inventories; and how political preferences are having an effect on where people choose to live--or even stay in America.
CBRE, Los Angeles, said the COVID-19 pandemic has accelerated the U.S. life sciences industry’s momentum, particularly amid the race to produce a vaccine and other medicines.
The Conference Board, New York, said its Consumer Confidence Index declined slightly in October, following a sharp September increase.
Call for Speakers: MBA Independent Mortgage Bankers Conference & MBA Servicing Solutions Conference; Deadline Nov. 2
The Mortgage Bankers Association has issued a Call for Speakers for two important upcoming MBA conferences: the MBA Independent Mortgage Bankers Conference 2021 (January) and the MBA Servicing Solutions Conference & Expo (February). Deadline for speaker submissions is Monday, Nov. 2.