Mortgage applications fell for the second straight week as the 30-year fixed rate crept up, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending January 22.
Home prices are rising at rates not seen in years, with four reports—from Standard & Poor’s, Zillow, the Federal Housing Finance Agency and First American Financial Corp.—confirming no apparent letup.
Freddie Mac, McLean, Va., projects overall multifamily origination volume will rebound, growing to $340 billion by year-end as the economy is boosted by another federal stimulus package.
The Conference Board, New York, said its Consumer Confidence Index improved moderately in January, the first gain in four months.
Ahead of Thursday’s confirmation hearing for Rep. Marcia Fudge, D-Ohio, as HUD Secretary, HUD yesterday announced a slew of leadership appointments aimed at solidifying the Biden Administration’s footprint on the department.