Mortgage applications rose for the second straight week—but so did interest rates, which reached a nine-month high, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending October 22.
The Mortgage Bankers Association this week sent a letter to the Federal Housing Finance Agency, offering recommendation to improve Fannie Mae and Freddie Mac’s efforts to address long-standing challenges related to housing equity and the racial homeownership gap.
New home sales jumped by 14 percent in September, HUD and the Census Bureau reported Tuesday, showing no signs of the traditional fall slowdown.
Reports from S&P Dow Jones Indices, New York, and the Federal Housing Finance Agency show home prices across the U.S. continued to appreciate at double-digit percentage rates.
Sun Belt multifamily markets including Las Vegas, Dallas and Miami are particularly well positioned for the year ahead, said a new report from Arbor Realty Trust and Chandan Economics.