Pending Home Sales Decline Has Hit Bottom
Fri, 29 May 2020 11:47:48 GMT
The COVID-19 pandemic hampered home sales contracts in April, but that will likely mark the low point in pending home sales for the year, according to NAR.
Mortgage Rates Hit Another All-Time Low
Thu, 28 May 2020 11:43:52 GMT
Freddie Mac reports 30-year fixed-rate mortgage averaged 3.15 percent with an average 0.8 point for the week ending May 28, 2020, down from last week when it averaged 3.24 percent. A year ago at this time, the 30-year FRM averaged 3.99 percent.
Pending Home Sales Slump in April
Thu, 28 May 2020 11:43:11 GMT
Brought on by the coronavirus pandemic, pending home sales decreased in April, making two straight months of declines, according to NAR. Bounce back expected soon.
Home Prices Are Still Rising
Thu, 28 May 2020 11:42:37 GMT
Those hoping the coronavirus-fueled recession will bring another round of bargain-basement real estate prices are likely out of luck.
Weekly Jobless Claims Still Elevated
Thu, 28 May 2020 11:41:39 GMT
The number of Americans filing for unemployment benefits held above 2 million last week for a 10th straight week.
Purchase Mortgage Applications Jump
Wed, 27 May 2020 12:16:12 GMT
U.S. applications for home mortgages jumped last week, in a sixth straight weekly increase, suggesting the housing market could lead the economy’s recovery from the novel coronavirus crisis.