We saw a downward turn in mortgage rates in late 2018, which started when there was a flight to quality in response to concerns about a slowdown in the global economy and trade tensions between the U.S. and China. The drop in mortgage rates led to a revival in the refinance market in 2019.
Tag: Joel Kan
September Housing Starts Tumble, But Optimism Holds
Housing starts fell sharply in September, HUD and the Census Bureau reported yesterday, but single-family starts increased slightly, reflecting continued optimism among home builders.
MBA: September New Home Purchase Applications Down 8% from August, Up 34% from Year Ago
Mortgage applications for new home purchases in September fell by 8 percent from August but jumped by 34.2 percent from a year ago, the Mortgage Bankers Association reported this morning.
Mortgage Applications Edge Up in MBA Weekly Survey
Mortgage applications inched up for the third straight week as key interest rates increased marginally, the Mortgage Bankers Association reported this week in its Weekly Mortgage Applications Survey for the week ending October 11.