Homebuyers remained hesitant in July, despite the slight decrease in mortgage rates and uptick in inventory, according to the National Association of Realtors’ (NAR) Pending Home Sales Index released Thursday. Nationwide, the index fell to a value of 71.7, down 0.4% from June. On an annual basis, however, pending home sales were up 0.7%. An […]
Pending home sales show slight annual gain in July Read More »
William Pulte, director of the Federal Housing Finance Agency.Bloomberg News WASHINGTON — The Federal Housing Finance Agency, led by Bill Pulte, took an unusual step by reducing the number of Federal Home Loan Bank board director seats at most of the 11 Federal Home Loan Banks, with the steepest reductions at institutions located in heavily-Democratic
Exclusive: Pulte slashes Federal Home Loan Bank board seats Read More »
There is no singular, official primary source for mortgage rate levels. The going rate is whatever can be locked/closed at any given lender. As such, we rely on surveys and data aggregations in order to routinely monitor the probable going rate. The longest-standing weekly survey from Freddie Mac was updated today and, while it showed
30yr Fixed Rates Officially Back to 6.50% Read More »