A Delta-driven resurgence of the Covid-19 pandemic will chill the nation’s economic recovery and suppress mortgage rates, according to a forecast by Fannie Mae.
U.S. home sales rose in July and price gains moderated as more properties came on the market, the NAR report said.
Lakeland and Winter Haven, Florida, posted the biggest U.S. median home price gain since the pandemic’s earliest days, with a 32% jump in June from a year earlier.
Despite what you might have heard, a 20% down payment isn’t necessary to buy a house. What can you do to improve your chances of buying a home with little (or even no) down payment?
Housing starts fell 7% in July as homebuilders struggled amid labor and supply shortages to meet demand boosted by low mortgage rates.
An index measuring homebuilder sentiment dropped in August to the lowest reading in more than a year as buyers were discouraged by a spike in prices.
The consumer sentiment index from the University of Michigan plunged 13.5% in August to 70.2, the gloomiest outlook since December 2011.
The average U.S. rate for a 30-year fixed mortgage rose to the highest level in a month, reversing six weeks of declines, after last week’s employment report.
The market share of purchase loans increased to 51% in June from 47% in the prior month as demand for refinancings weakened.
Homebuyers applying for a mortgage may find the credit score their loan officer sees isn’t the one they thought they had.
