WASHINGTON—The partisan gridlock that has marked Congress for much of the past decade was on full display Tuesday at the MBA National Advocacy Conference—albeit with somewhat more diplomacy than previously observed.
Mortgage applications decreased 8.3 percent from one week earlier, according the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending April 22.
The S&P CoreLogic Case-Shiller Indices showed annual home price appreciation at 19.8 percent; the Federal Housing Finance Agency House Price Index reported annual appreciation at 19.4 percent.
New home sales took a tumble in March, HUD and the Census Bureau reported Tuesday, hamstrung by the usual suspects: rising interest rates; inadequate inventories and rapidly increasing home prices.
The Conference Board, New York, reported its Consumer Confidence Index decreased slightly in April, following an increase in March.