Having inched down 5 basis points last week, the average rate for a benchmark 30-year mortgage has since dropped another 9 basis points to 3.04 percent, which is 27 basis points below its mark at the same time last year and within 40 basis points of its all-time low.... Read More »

Having ticked down 2.8 percent in January, the National Association of Realtors Pending Home Sales Index, a seasonally adjusted index for which 100 denotes “an average level” of activity, dropped 10.6 percent in February to 110.3, representing the sixth consecutive month-over-month decline for the index which peaked at 132.8... Read More »

Having slipped in December, the National Association of Realtors Pending Home Sales Index, a seasonally adjusted index for which 100 denotes “an average level” of activity, dropped 2.8 percent in January to 122.8, representing the fifth consecutive month-over-month decline for the index which peaked at 132.8 in August of... Read More »

While the pace of completed home sales across the U.S. inched up in December to a 14-year high, pending home sales activity slipped 0.3 percent, representing the fourth consecutive month-over-month decline. That being said, total contract signings in December, which is typically a low volume month, were still 21.4... Read More »

With pending home sales activity in the U.S. having started to slip at the end of last year, mortgage loan application volumes have slipped as well, with application volumes for purchase loans down 0.8 percent on a seasonally and holiday adjusted basis over the past two weeks, with a... Read More »

Having slipped one (1) percent in October, the National Association of Realtors Pending Home Sales Index, a seasonally adjusted index for which 100 denotes “an average level” of activity, ticked down another 2.6 percent in November to 125.7 but is still 16.4 percent above its mark at the same... Read More »

Having slipped 2.2 percent in September from an all-time high in August, the National Association of Realtors Pending Home Sales Index, a seasonally adjusted index for which 100 denotes “an average level” of activity, ticked down another 1.1 percent in October to 128.9 but remains 20.2 percent above its... Read More »

Having hit a 14-year high in August and then jumped another 9.4 percent in September, the seasonally adjusted pace of existing-home sales across the U.S. ticked up another 4.3 percent in October to an annual rate of 6.85 million sales, a pace which is 26.6 percent higher than at... Read More »

Having jumped to an all-time high in August, the National Association of Realtors Pending Home Sales Index, a seasonally adjusted index for which 100 denotes “an average level” of activity, slipped 2.2 percent in September to 130.0 but remains 20.5 percent above its mark at the same time last... Read More »

Having ticked up 5.9 percent in July, the National Association of Realtors Pending Home Sales Index, a seasonally adjusted index for which 100 denotes “an average level” of activity, rose another 9.8 percent in August to an all-time high of 132.8 and is now running 24.2 percent above its... Read More »