Sales of new U.S. single-family homes fell for a second straight month in July, but a surge in the stock of properties on the market and a moderation in price […]
U.S. housing starts rebounded strongly in July, pointing to momentum in the economy, but a moderate increase in consumer prices suggested the Federal Reserve has room to keep interest rates low […]
China’s new-home prices fell in July in almost all cities that the government tracks as tight mortgage lending deterred buyers even as local governments eased property curbs. Prices fell in […]
Citigroup Inc is close to paying about $7 billion to resolve a U.S. probe into whether it defrauded investors on billions of dollars worth of mortgage securities in the run-up to the financial crisis, a source familiar with the matter said on Tuesday.
The housing market is an important element of the U.S. economy and it was the cause of the last financial crisis.
The delinquency rate on home mortgages in the United States fell in the first three months of the year to its lowest level in six years, a report from the Mortgage Bankers Association said on Thursday.
Mortgage rates moved to three month highs this last week with the average 30 year conforming rate moving to 4.625% (4.712% APR for $250K mortgage with 740+ credit score).
Since the Employment Situation Report (ESR) on November 8th mortgage rates have had a bumpy ride but have stayed within technical ranges.
Well, the Fed meeting came and went. As expected, the Federal Reserve Bank is keeping its asset purchases in place. So…no taper. As such rates moved only incrementally higher on […]
That was an old saying we had on the trading floors when there was NO action.