Each day the Research staff takes a look at recently released economic indicators, addressing what these indicators mean for REALTORS® and their clients. Today’s update discusses mortgage applications.
- Mortgage applications decreased 2.4 percent during the week ending April 6, 2012, with the Purchase Index declining 0.5 percent from the prior week.
- The Refinance index dropped 3.1 percent, despite declining interest rates on 30-year fixed mortgages, which reached 4.10 percent.
- Cash purchases—which have been steady at about 30 percent of transactions—were not captured in the data.
- Import and export prices during the month of March increased 0.5 percent, according to a report by the Labor Department.
This post was last modified on %s = human-readable time difference 6:25 am
Just back out of hospital in early March for home recovery. Therapist coming today.
Sales fell 5.9% from September and 28.4% from one year ago.
Housing starts decreased 4.2% to a seasonally adjusted annual rate of 1.43 million units in…
OneKey MLS reported a regional closed median sale price of $585,000, representing a 2.50% decrease…
The prices of building materials decreased 0.2% in October
Mortgage rates went from 7.37% yesterday to 6.67% as of this writing.
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