MBA: Mortgage Application Payments Hold Steady Despite Higher Rates
Homebuyer affordability was mostly unchanged in June, with the national median payment applied for by applicants down slightly to $1,893 from $1,897 in May, the Mortgage Bankers Association's Purchase Applications Payment Index reported.
Gross Domestic Product Contracts at 0.9% Pace
Real gross domestic product decreased at an annual rate of 0.9 percent in the second quarter--the second consecutive quarter with a decline--the Bureau of Economic Analysis said Thursday.
Pending Home Sales Fall 8.6%
Pending home sales decreased in June following a slight increase in May, the National Association of Realtors said Wednesday.
Consumer Confidence Declines Moderately
Consumer confidence decreased in July, following a larger decline in June, The Conference Board reported.
Freddie Mac: Approaches to Low-Income Housing Climate Resiliency Vary
As the number of weather-related disasters increases, states have implemented a range of requirements and incentives to mitigate their impact on federal Low-Income Housing Tax Credit properties, reported Freddie Mac, McLean, Va.
