New-home sales climb for a third straight month in March

Senate confirms new FEMA administrator Refinance applications rise as rates fall to a seven-month low Florida emerges to assess damage as Irma ebbs to mere storm Realogy acquires title agency in push for more CRE business Issuu is a digital publishing platform that makes it simple to publish magazines, catalogs, newspapers, books, and more online. easily share your publications and get them in front of Issuu’s.Purchase applications jumped 4.2 percent, the first rise in three weeks. Refinance applications dropped 4.7 percent, the largest decline this year. The survey’s average 30-year fixed mortgage rate increased for the first time in four weeks, rising three basis points to 4.23 percent. On average in April, purchase applications rose 1.7 percentHome prices in 20 U.S. cities keep climbing  · Home prices in 20 U.S. cities rose in June at the slowest monthly pace in almost two years, as demand cools in the face of affordability constraints including elevated mortgage rates, according to S&P CoreLogic Case-Shiller data released Tuesday.In May, White House officials confirmed that Trump intended to pick ken cuccinelli, the former Virginia. in the department in April, leaving it with almost no permanent, Senate-confirmed leaders.. Acting FEMA directorMonth-to-month prepayments keep inching up Average weekly hours worked in March edged up slightly from February, rising to 34.5 from 34.4. That’s exactly the same as the year-earlier period. That’s exactly the same as the year-earlier.Dems press HUD nominee on proposed budget cuts Dems press HUD nominee on proposed budget cuts January 1, 1970 / in Uncategorized / by Lindsay President Trump’s nominee to be the No. 2 at the Department of Housing and Urban Development faced tough questions on a proposed $6 billion cut to the department’s budget.

New home sales are drawn from permits and tend to be volatile on a month-to-month basis. They rose 0.5 per cent from a year ago. Sales decreased 3.7 per cent in the Midwest and 17.6 per cent in the West, which has experienced rapid price growth amid a shortage of homes for sale.

Unsold inventory is at a 3.6-month supply at the current sales pace (3.8 months a year ago). According to Freddie Mac, the average commitment rate for a 30-year, conventional, fixed-rate mortgage increased for the sixth straight month to 4.44 percent in March (highest since 4.46 percent in December 2013) from 4.33 percent in February.

New Home Sales Tumble For 3rd Straight Month – Worst Streak In 4 Years. New home sales are up just 0.5% YoY. Purchases rose in two of four U.S. regions, including a 9 percent gain in the biggest region, the south; sales fell 17.6 percent in second-largest region, the West And while existng home sales popped,

Mortgage applications increase on higher purchase volume bottom line: mortgage rates nudged higher in the first two weeks of April, sending applications for mortgage refinancing lower. Purchase applications, though, held up, even inching a touch higher. Applications for 5-year Adjustable Rate Mortgages (5-year fixed then flowing with 30-year amortization schedule) came back down to a more normal share of overall applications after a surprising.

Sales of new homes unexpectedly rose in March, climbing to a 16-month high to cap the first quarter with a third straight increase that reflects a boost from lower borrowing costs. Single-family home sales rose 4.5% to a 692,000 annualized pace that topped all estimates in Bloomberg’s survey, while February’s figure was revised down somewhat, government data showed Tuesday.

The median sales price has increased just 1.2 percent over the past year to $311,400 in March. New-home sales jumped last month in the Northeast and West, grew modestly in the South and fell in.

Three of the four major regions of the U.S. saw growth last month, contract signings declined 1.2%, making this the 15th straight month of. March Pending Home Sales Regional Breakdown.. 500 New Jersey Ave, NW

New home sales fall for third straight month. BY HBSDEALER Staff March 23, 2018. Get all the latest industry news in your inbox. Subscribe. Pulled down by steep drops in the Midwest and West, sales of new single-family homes fell for the third month in a row, according to today’s report from.

 · Sales increased by 2.9% in the Northeast, the only region to see a gain during the month. They were down 2.5% in the Midwest, 1.0% in the South, and 2.9% in the West.

Fannie markets more than $3 billion in distressed loans Freddie Mac posted a net income increase to $2.3 billion in the third quarter, meaning the two GSEs will return more than $5 billion to the Department. draw from the Treasury could impact the.Mortgage rates jump to a six-week high Servicers preparing for a new surge in their FHA loan portfolios Preparing for FHA PACE: What Mortgagees Need To Know Before September 17. A delinquency on a PACE obligation cannot trigger acceleration of the entire loan. In the event of a sale, including a foreclosure, the PACE obligation will run with the land, and the new homeowner will be responsible for payments on any outstanding PACE amounts.Existing-home sales ease more than forecast to 5.2 million New GSE proposal seeks to fill capital void A brief (a document containing a legal argument supporting a desired outcome in a particular case) filed by a third party, or amicus curiae (Latin for friend of the court), who is not directly involved in the litigation but who has an interest in the outcome of the case.Servicer satisfaction stalls as brand perception fails to deliver NMI stock offering enhances future capital raising abilities Altoida Raises $6.3M Series A to Predict Alzheimer’s Disease Risk Using Artificial Intelligence, Machine Learning and Augmented Reality New digital biomarkers company detects alzheimer’s Disease.US existing home sales ease more than expected in May. existing home sales fell 0.4 per cent month-on-month to 5.43m in May, from a revised 5.45m (previously 5.46m), data from the National Association of Realtors showed on Wednesday. That is the lowest level since January and below the median forecast of 5.52m in a survey of economists by Thomson Reuters.Fewer consumers say home prices, mortgage rates will grow in 2019 For the first time, delinquent borrowers are more likely to say. consumers are less confident about buying a home (despite fewer Americans believing that home mortgage interest rates will go up)..I hate to be the bearer of bad news, but as you might expect, mortgage rates are expected to move higher over the next few years. This isn’t a surprise, given their current historically low levels. But because a 30-year mortgage rate in the high 3% range has become the new normal, some might get sticker shock.