The rate of U.S. home-price appreciation continues to be driven higher by a combination of strong demand for housing and record-low housing inventory for sale. The Federal Housing Finance Agency’s most recent release showed the fourth quarter saw annual home-price growth of 10.9 percent –the strongest annual change on record. The previous high was an increase of 10.7 percent in third quarter 2005.
Tag: Joel Kan
MBA Weekly Survey Mar. 3: Rates Up; So Are Applications
Mortgage interest rates jumped sharply last week, and mortgage applications increased as well, as some home buyers sensed the possible end of a good thing, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending February 26.
MBA Weekly Survey Mar. 3: Rates Up; So Are Applications
Mortgage interest rates jumped sharply last week, and mortgage applications increased as well, as some home buyers sensed the possible end of a good thing, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending February 26.
MBA Chart of the Week: 10-Year Treasuries and 30-Year Fixed Rates
This week’s chart shows the recent climb in rates, and the spread between the 30-year mortgage rate, as surveyed by Freddie Mac, and the 10-year Treasury yield. As the 10-year has risen, so has the 30-year fixed rate, which has gone up 24 basis points since the beginning of February.
MBA Chart of the Week: 10-Year Treasuries and 30-Year Fixed Rates
This week’s chart shows the recent climb in rates, and the spread between the 30-year mortgage rate, as surveyed by Freddie Mac, and the 10-year Treasury yield. As the 10-year has risen, so has the 30-year fixed rate, which has gone up 24 basis points since the beginning of February.
January Pending Home Sales Down 2.8% Amid Inventory Dearth
Pending home sales took a step backward in January as inventory constraints continue to hold back prospective buyers, the National Association of Realtors reported yesterday.
MBA Weekly Applications Survey Feb. 24: Rates Jump; Snow Falls; Apps Stumble
Mortgage interest rates hit 3 percent for the first time in nearly six months and harsh weather across much of the country put a damper on mortgage application activity, the Mortgage Bankers Association reported Wednesday in its Weekly Applications Survey for the week ending Feb. 19.
MBA Weekly Applications Survey Feb. 24: Rates Jump; Snow Falls; Apps Stumble
Mortgage interest rates hit 3 percent for the first time in nearly six months and harsh weather across much of the country put a damper on mortgage application activity, the Mortgage Bankers Association reported this morning in its Weekly Applications Survey for the week ending Feb. 19.
January Existing Home Sales Push to 2006 Levels
Existing home sales posted a modest 0.6 percent increase in January, the National Association of Realtors reported Friday, continuing just enough momentum to mark the highest annual pace since 2006.
January Builder Applications See Double-Digit Acceleration
The Mortgage Bankers Association’s Builder Application Survey data for January show mortgage applications for new home purchases increased by 17 percent month over month and by nearly 19 percent from a year ago.