A leading indicator of future home closings unexpectedly increased in September, defying expectations amid higher mortgage rates. The National Association of Realtors revealed that pending home sales, an index tracking…
Pending home sales in the United States experienced a notable surge in December as mortgage rates fell, attracting buyers back into the market. According to the monthly index released by…
Mortgage rates remained relatively stable this week, but the demand for home-buying experienced a significant decline due to high borrowing costs. Decrease in Mortgage Applications In mid-July, the 30-year mortgage…
The home-builder sector experienced a significant selloff on Thursday due to a jump in Treasury yields following strong jobs data. This surge in yields raised concerns that higher mortgage rates…