Extreme increases in lumber prices have caused some people to go bearish on new home sales. Not this one! If we play a version of rock, paper, and scissors with lumber prices and mortgage rates, mortgage rates will win. Mortgage rates have a much more significant influence on the new home sales market than lumber prices, even at their current highs.
The post Even with high lumber prices, new home sales beat appeared first on HousingWire.
Posted To: MND NewsWire
The volume of mortgage applications for both home purchase and refinancing fell for the third straight time during the week ended February 19. The Mortgage Bankers Association (MBA) says its Market Composite Index, a measure of that volume, dropped 11.4 percent on a seasonally adjusted basis. It was the largest single week decline since the week ended April 3, 2020. On an unadjusted basis the index was down 10.0 percent. The Refinancing Index decreased 11 percent from the previous week but was still 50 percent higher than the same week one year ago. The refinance share of mortgage activity decreased to 68.5 percent of total applications from 69.3 percent the previous week. The seasonally adjusted Purchase Index dropped 12 percent and was 8 percent lower before adjustment. Activity was 7 percent…(read more)
Fry’s Electronics Is Closing, Another Retail Victim of Pandemic The New York Times
Of the 3.2 million borrowers with mortgage delinquencies, keep on eye on the 626,000 with government loans in Ginnie Mae securities.
The post Mortgage delinquencies below 6% for first time since March appeared first on HousingWire.
When you are in the process of moving, the process of buying your new home and selling your old one usually involves choosing which one comes firstâto buy or to sell. Selling your old home first is often a more sensible option, as this ensures you have the needed down payment to cover your new […] More
The post Can You Sell a House and Buy Another at the Same Time? We Explore Your Options appeared first on Fancy Pants Homes.
With the start of a new year, we canât help but look forward to watching how the market changes throughout 2021. So how did the Denver market start out the new year? Weâve got your update! Data from ReColorado from January 1, 2021 to January 31, 2021. Monthly Sales Itâs common for the volume of… Read more »
The post Homieâs Denver Housing Market Update January 2021 appeared first on Homie Blog.
U.S. land brokers are reporting an increase in deals and a rise in land values due to what they say is growing demand for rural land. Thatâs according to a survey of more than 100 land brokers in the U.S. carried out by National Land Realty, and the findings suggest that weâll see more of […]
The post Land is in big demand as investors seek safe-haven appeared first on RealtyBizNews: Real Estate News.
This post originally appeared in the Financially Independent Millennial. The views and opinions expressed in this article are those of the author only and are not endorsed by Credit.com. Table of contents Planning to Save $5,000 In A Year Create a Budget Increase Your Insurance Deductible Cancel Your Unused Gym Membership Cancel Unnecessary Subscription Services … Read More
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