Interest rates reached their highest level since November, driving down mortgage application activity, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending February 24.
The Mortgage Bankers Association, the U.S. Chamber of Commerce and more than 300 industry trade and business groups sent a letter this week to the Federal Trade Commission to “unequivocally oppose” a proposed rule that would impose a nationwide ban on nearly all non-compete clauses.
Three end-of-month home price reports found appreciation declining in many parts of the country, along with increased affordability in many markets.
The Conference Board, New York, said its monthly Consumer Confidence Index fell in February, marking the second consecutive monthly decline, amid economic uncertainty and persistent inflation.
U.S. commercial property prices fell in January at an annual pace of decline not seen since late 2010, reported Real Capital Analytics, New York.