Mortgage application volume was nearly unchanged, with a 0.04% increase as purchase demand rose 1% while refinancing fell 1%. Purchase applications remain 3% higher than last year, and refinance activity is 9% above year-ago levels. The refinance share dropped slightly to 41.4%, ARM share hit its lowest since January at 7.6%, and government-backed shares showed mixed changes. Mortgage rates saw minor fluctuations.
The average 30-year fixed mortgage rate reached 6.55%, remaining above 6.5% for nine weeks, impacting…
In Florida, it now takes the median-income household 17 months longer to save for a…
States with low taxes and living costs are ideal for retirees. Missouri, Mississippi, and Alabama…
Latest US building permits ran at annualized 1.413M, just under the 1.42M forecast, leaving issuances…
Mortgage rates remain in the low-6% range, so small moves can noticeably reshape affordability, monthly…
A builders index slipped 2 points from the previous month to 34, extending a 27-reading…