WASHINGTON (Reuters) – New U.S. single-family home. did not believe that the decline in sales was in response to a recent run-up in mortgage rates as applications for loans to purchase houses rose.
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“This corroborates reports of decline in orders from some of the big home builders recently, although land shortages may be playing a part in this. All in, this suggests some caution on the U.S..
The SPDR S&P Homebuilders exchange-traded fund XHB, -0.64% dropped 4.5%, with all 35 equity components closing lower, while the iShares U.S. Home Construction ETF. 0.00% which provides a guide for.
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The 30-year fixed-rate mortgage averages 4.28% for the week ending March 21, down from 4.31% in the previous week and 4.45% from a year ago at this time, according to Freddie Mac’s Primary.
Rents rose 9% in 2017 and are on pace to rise another 7% of 2018. According to Prologis research, incremental supply and demand are expected to be roughly balanced in 2018. Prologis (PLD) finished the.
Mortgage Activity Declines as Rates Rise By BB Staff Applications for mortgages and refinances declined last week as rates increased, the Mortgage Bankers Association reported Wednesday.
Mortgage interest rates have increased by more than half of a point since the beginning of the year. They are projected to increase by an additional half of a point by year’s end. Because of this increase in rates, some are guessing that home prices will depreciate. However,
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McLaughlin said the decline in new home sales is triggered by a rise in mortgage rates, which is making homeownership less affordable and pushing some people out of the market. For a 30-year fixed.
The Rise and Fall of Interest Rates: How Interest Rates are Determined. by Amy Lillard (9/19/2012) Anyone who has ever applied for a home loan, auto loan, or even a credit card, has had to learn quickly about interest rates.But this education often results in more questions than clear answers.
U.S. home sales unexpectedly fell in June, posting their third straight monthly decline as a persistent shortage of properties. there are growing concerns that the higher house prices and rising.