Interest rates slowing home sales, mortgage data show

Home price gains moderate in April while new home sales fall in. Investors were faced with a soft batch of US housing data, showing continued moderation in home prices. and when the Federal Reserve might begin to cut interest rates.. Rising mortgage rates in the first quarter of 2018 contributed to a.

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The data strengthen the case for the Federal Reserve’s monetary policy committee to lower interest rates. Total home equity, the amount owners can expect to receive from a sale after paying off.

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Longer term, higher rates and more homes for sale could slow. year mortgage rate surges In April, home prices were up 12.1% from a year ago and more than 20% in San Francisco, Phoenix, Las Vegas.

The existing-home sales data measures sales and prices of existing single-family homes for the nation overall, and gives breakdowns for the West, Midwest, South, and Northeast regions of the country. These figures include condos and co-ops, in addition to single-family homes.

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Home price appreciation is slowing. mortgage rates being at a two-year low. And the week before that, mortgage applications for home purchases actually dropped by 2%, according to data from the.

Mortgage rates moved up yesterday. and thrifts. The data gives economists a look into consumer demand for mortgage loans. A rising trend of mortgage applications indicates an increase in home.

Home sales in B.C. last year would have been about 10 per cent, or 7,500 units, higher if the B20 mortgage stress test..

NEW YORK (AP) – General contractors and other small businesses in the home remodeling industry can expect revenue to slow in 2019. Rising interest rates are affecting both home sales and remodeling.

Mortgage agency Freddie Mac says average 30-year mortgage rates hit 3.82% in June, the lowest level in nearly two years. This is one of the best times in history to refinance, but will rates stay low?

With continued low mortgage rates, financing a home or a rental property purchase becomes more feasible. Luxury homes are sitting on the market longer, yet low priced properties get bought quickly. California’s economy grew 4.7% in the 12 months ended in February compared to the national rate of 2.8%.