Daniel Acker | Bloomberg | Getty Images Prospective home buyers arrive with a realtor to a house for sale in Dunlap, Illinois, U.S., on Sunday, Aug. 19, 2018. December may be a slow month traditionally for the housing market, but mortgage lenders are suddenly getting busier. A sharp drop in interest rates drove mortgage application […]
Daniel Acker | Bloomberg | Getty Images Prospective home buyers and a real estate agent, center, enter a home for sale in Warren, Michigan. December is usually the slowest month for the housing market, but this season is not so normal. Some unique dynamics may make this December one of the better times to both […]
Daniel Acker | Bloomberg | Getty Images Prospective home buyers arrive to tour a house for sale in Dunlap, Illinois, U.S., on Sunday, Aug. 19, 2018. Expectations for a stronger housing market in October fell short. Pending homes sales, a measure of signed contracts to buy existing homes, fell 2.6 percent compared with September, […]
Rates for home loans roared higher, taking the benchmark mortgage product to a new high and setting up a fresh test for an already strained housing market. The 30-year fixed-rate mortgage averaged 4.94% in the Nov.8 week, a gain of 11 basis points, mortgage finance provider Freddie Mac said Thursday. That was the highest for […]
