Mortgages

Existing home sales drop in December to slowest pace since 2010

Homes in Rocklin, California, US, on Tuesday, Dec. 6, 2022. A record number of homes are being delisted as sellers face a sharp drop in demand, according to real estate brokerage Redfin. David Paul Morris | Bloomberg | Getty Images Sales of previously owned homes dropped 1.5% in December from the previous month, according to …

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Homebuilder sentiment in January rises for the first time in a year

Homes under construction in Tucson, Arizona, US, on Tuesday, Feb. 22, 2022. Sales of new US homes retreated in January after a flurry of purchases at the end of 2021, indicating a jump in mortgage rates may be starting to restrain demand. Rebecca Noble | Bloomberg | Getty Images Builder sentiment in the single-family housing …

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Mortgage demand jumps, as interest rates drop to lowest in months

The Good Brigade | Digitalvision | Getty Images Consumers returned from the holiday season to find mortgage rates at their lowest point since September, and they are responding in dramatic fashion. Mortgage application volume jumped nearly 28% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The average …

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