For Week Ending September 14, 2024 Mortgage activity surged the week ending September 13, 2024, as falling interest rates boost borrower demand nationwide. The Mortgage Bankers Association reports mortgage loan application volume increased 14.2% on a seasonally adjusted basis from … Continue reading
September 19, 2024 Mortgage rates continued declining towards the six percent mark, reviving purchase and refinance demand for many consumers. While mortgage rates do not directly follow moves by the Federal Reserve, this first cut in over four years will … Continue reading
Buyer and seller activity down from last August, but lower rates on the way Pending sales fell 10.2%; new listings down 3.3% The median sales price increased 2.6% to $389,700 Market times rose 21.2% to 40 days; inventory up 11.7% … Continue reading
For Week Ending September 7, 2024 The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index hit a new all time high in June, rising 5.4% year-over-year, a slight decline from a 5.9% annual gain the previous month. The 20-City … Continue reading
September 12, 2024 Mortgage rates have fallen more than half a percent over the last six weeks and are at their lowest level since February 2023. Rates continue to soften due to incoming economic data that is more sedate. But … Continue reading
