The National Association of Realtors (NAR) announced today that existing home sales decreased 0.4% in January, when compared to the previous month’s sales.
The Mortgage Bankers Association (MBA) announced the number of consumers applying for a mortgage to purchase a home jumped 12 percent in the past week.
This morning the U.S. Census Bureau and the Department of Housing and Urban Development announced that builders continue to initiate the construction of new homes in lower numbers. According to the joint report, privately-owned housing starts for the month of January 2008 fell 14.2 percent month-over-month as compared to December 2007.
The U.S. Census Bureau and the Department of Housing and Urban Development announced today that the number of privately-owned housing starts decreased in November.
The Federal Reserve lowered the Fed funds rate this week by 1/4 point to 4.25 percent. The Fed funds rate is the rate at which banks loan money to each other. Great, but what does that mean for you, the consumer?
Last week, long-term interest rates dropped to their lowest point in two-years, and consumers took action, according to the latest Mortgage Applications Survey released today by the Mortgage Bankers Association.