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

Average mortgage rates come down to earth Along with federal benchmark rates remaining low, if the economy doesn’t find traction and if unemployment keeps a lid on mortgage demand, rates could get lower. Back in 2009, 2 percent was considered an optimal rate to help get a Making Home Affordable modification’s mortgage payment down to 31 percent of a homeowner’s household income.

By Alex Kowalski Sales of previously owned U.S. homes probably rose in March for a third month to reach the highest level since late 2009, further evidence of an improving real-estate market.

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.

Growth in new CMBS issuances reduces delinquency rate: fitch Senate confirms new FEMA administrator; Goldman Sachs gets closer to fulfilling terms of mortgage settlement; Growth in new CMBS issuances reduces delinquency rate: Fitch; Freddie Mac pushes back uldd phase 3 soft launch; Lender with ties to Warren Buffett backs a loan for manufactured homes; Categories. FHA Loan Articles; FHA Loan Locations.

Sales of new U.S. homes unexpectedly rose in March to a 16-month high, with a third straight increase that reflects a boost from lower borrowing costs. Single-family home sales rose 4.5 percent to a.

The National Association of Realtors (NAR) said existing home sales declined for the third straight month in June. Total existing-home sales – which are completed transactions including single.

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 the Midwest. Residential construction firms have added 112,600 workers over the past year, a 4.2 percent increase.

New Fed buys Commonwealth Mortgage to expand beyond New England Letter: Democrats creating entitlement society – Seven-plus percent level of unemployment is now “full employment,” and more government debt in the last four years than the previous eight years, is the new norm with trillion dollar annual deficits.

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.

Sales of new homes in the United States forged higher for the third straight month in March, hitting the fastest pace since July, the Commerce Department reported on April 25, 2017.

Sales of new U.S. single-family homes unexpectedly fell for a third straight month in February, weighed down by steep declines in the Midwest and West. The Commerce Department said on Friday new home sales dropped 0.6 percent to a seasonally adjusted annual rate of 618,000 units last month.

Housing: While new home sales have expanded, the market has been slower for existing home sales, which fell 4.9% in March after climbing 11.8% in February. Year over year, existing home sales remain down 5.4%. The March median price for existing homes was $259,400, up from $249,500 the prior month. Existing home prices were up 3.8% from March 2018.