· China’s average mortgage rate stopped climbing last month after rising for 22 straight months. Last month, first-time homebuyers could borrow at an average interest rate of 5.71%, the same as in October, according to a report by online financial service platform Rong360.
U.S. auto sales likely fell for a third straight month in March, as carmakers held the line on discounts and average new-car prices continued to climb. Most companies will report results on Tuesday..
· New U.S. single-family home sales increased for a second straight month in June as purchases in the West surged to a near 10-year high, but a dire shortage of properties remains an obstacle to a robust housing market recovery.
· Sales of new U.S. homes fell for a third straight month and supply swelled to the. New-Home Sales Cool for Third Month as Prices Surge. number of homes for sale at 305,000, most since March.
Mortgage rates jump to a six-week high · Mortgage rates in the U.S. jumped to an eight-month high, making home purchases costlier as investors prepare for the Federal Reserve to raise interest rates. The average rate.
· Bottom Line: Lower prices for new homes and lower mortgage rates drove new home sales higher for the third straight month. Sales over the last three months have averaged 660K and are 6.8% above the 6 month average of 618K, confirming the 2018 slowdown ended and suggesting a potential turn higher in the trend again.
The inventory of new home sales for sale was 301,000 in March, which is a 5.2-month supply at the current sales pace. The median sales price of new houses sold was $337,200.
How acting Ginnie Mae chief is trying to get to the bottom of VA refis "BOOKMARK" LIVINGLIES! NEIL GARFIELD IS A FAVORITE. HTTP://LIVINGLIES.WORDPRESS.COM. stretched out across the globe were unstoppable by anyone except a good government with the resources to actually get to the bottom of it. What was missing was the desire to get rid of the problem and the naivete of the leaders in government in failing to.Housing starts fall more than expected, permits steady The bigger-than-expected decrease in housing starts and surprise drop in permits reported by the Commerce Department on wednesday suggested homebuilding could be plateauing against the backdrop of.
New-home sales tacked on another month of gains in March, with sales of new, single-family homes up 5.8 percent to 621,000, according to the U.S. Census Bureau and the Department of Housing and.
New Home Sales Tumble For 3rd Straight Month – Worst Streak In 4 Years. New home sales are up just 0.5% YoY. Purchases rose in two of four U.S. regions, including a 9 percent gain in the biggest region, the South; sales fell 17.6 percent in second-largest region, the West And while existng home sales popped,
US new-home sales rose to a 16-month high, climbing 4.5% in March USA TODAY Money – yan zhang sales of new U.S. single-family homes climbed 4.5% in March, reaching a 16-month high, as falling mortgage rates and prices and stronger wage gains bolstered demand.