Existing-home sales sagged for the eighth consecutive month
30-year fixed-rate mortgage averaged 6.29 percent with an average 0.9 point as of September 22, 2022
The 30-year fixed-rate mortgage (FRM) averaged 5.70 percent.
A foreclosure moratorium has inflated the housing market
UWM's new 15-year fixed-rate mortgages come with rates as low as 1.875%.
Overall, sales fell year-over-year, down 26.6% from a year ago (5.33 million in May 2019).
About 80 percent of its retail tenants did not pay rent in April and May
the report shows a significant downturn, with a seasonally adjusted annual sales rate of 627,000 homes
Mortgage applications to purchase a home fell 11% last week and were 24% lower than a year ago
Sales of previously owned houses in the US surged 6.5 percent from the previous month to a seasonally adjusted annual…
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