U.S. new home sales rose in November by 5.8%
[ad_1] The numbers: U.S. new home sales rose 5.8% to a seasonally-adjusted rate of 640,000 in November, from a revised 605,000 in the prior month, the Commerce Department reported Friday.…
‘Good news for the housing market’: Mortgage rates edge downwards, providing relief to potential buyers
[ad_1] The numbers: Mortgage rates continue to inch downwards, providing some relief to prospective homeowners. The 30-year fixed-rate mortgage averaged 6.31% as of Dec. 15, according to data released by…
Mortgage applications fall to the lowest pace in 25 years, as interest rates nearing 7% spook buyers
[ad_1] The numbers: A surge in mortgage rates, and evacuations due to Hurricane Ian, both seriously dampened demand for home purchases and refinances. Rates are inching even closer to 7%,…